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Ginners reluctant to large volumes due to US $ weakness

13 Dec '06
1 min read

Thrakika Ekkokistiria S.A. updates the Greek cotton market report.

Crop size /Crop update /Ginning / Qualities
• Estimated crop : 300,000 mt
• Harvesting percentage :
Messologi-Preveza (Epirus): 100 %
Levadia (Viotia) : 100 %
Thessalia : 100 %
Macedonia : 100 %
• Qualities: 51 1-4 with leaf 3-4
• Seed cotton prices : 33,7 € cents delivered gin

Prices :
• Limited purchase interest from Turkey's Spinners @ 58 cents/lb for small quantities
• The interest from merchants is at the level of 57 cents/lb for 51 cg or better.
• Ginners reluctant to large volumes due to the US $ weakness.

Sales :
• Total sold : 100,000 mt
• Local consumption estimate : 70,000 mt
• Left for Export after all the above : 130,000 mt
• No major purchases from merchants were reported lately.

Thrakika Ekkokistiria S.A.

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