Home / Knowledge / News / Textiles / Strengthening of US$ will give flexibility to ginners

Strengthening of US$ will give flexibility to ginners

27
Oct '08
The whole cotton sector in Greece is obviously focused on the global financial crisis and its implications on cotton futures.

Prices are falling every day without a sign of a bottom so far and this is freezing all transactions. Despite this pessimistic feeling few sales of small volumes were reported at levels of 60 usc/lb FOT and 1 Eur/kgs FOT for the after rain new crop quality. Potential buyers are finding the Greek crop expensive and as a result they are focused on other crops.

Turkish mills are trying to buy their domestic crop at much cheaper levels and Egyptian spinners are bidding at levels that are considered very low by ginners.

Harvesting has almost ended in most cotton growing areas and quantity wise it seems that this year's crop will be about 250,000 tons of lint. The biggest part of the crop is after rain cotton ranging from HVI 41 to HVI 51 high end depending on the area and the picking up period. All the other specs are the usual good Greek characteristics.

-Staple length from 1 3/32' to 1 1/8''
-Strength over 28 gpt with average of 29-30 gpt
-Mic varies from 4.0-4.5 ncl and only in specific areas may reach 4.9 ncl.

Regarding prices, the strengthening of usd is giving some flexibility to ginners' offers however; their asking levels are under the 60 usc/lb FOT for the HVI 41 color new crop.

Thrakika Ekkokistiria S.A


Interviews View All

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Davide Maccabruni,

Davide Maccabruni

Schärer Schweiter Mettler (SSM) manufactures and supplies textile...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search