New Greek Cotton Market In New Year
Since January, Greece cotton market Several cotton pactions are completed, one for pricing pactions and one for pricing pactions. Most buyers are International cotton trader Instead of direct channel buyers.
The price is 50 to 52.50 cents per pound (depending on the quality of the cotton). Greek price More attractive, compared with other cotton, Greek cotton is worth purchasing.
Turkey spinning mills are observing the market, but they hardly follow the price quoted by the ginning press. Cotton in Turkey will soon run out, and they will probably be more active in the Greek market. Egypt's demand has also decreased a lot, because there are many Greek cotton stocks in their ports.
Next year, due to the cost of production, wheat planting area will expand, cotton planting area will be reduced by 20-25%. Several agencies predict that lint yield will be about 200000 tons in 2009-10 years.
The price quoted by the ginning newspaper is as follows:
Medium level @ 52-53 cents /lb
SLM level @ 51-52 cents /lb
Low HVI 41 to HVI 51 @ 50-51 cents /lb
Editor: vivi
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