Not much activity during the week for cotton merchants & ginners

Things have been rather silent during this half week (on Monday and Tuesday most offices were closed). Apart from the sales of merchants, especially during the last two weeks, we haven't heard of any other serious volume being sold.

Even the used small quantities to Turkey were absent as a result of the big difference between offering prices and bids. From the Egyptian side things are still very quiet confirming the rumors that they will buy very limited quantities this year.

Quantity wise stocks of lint cotton both for crop 06/07 and 07/08 are in total about 150,000 tons and since there is not much demand it is very possible that many ginners will keep their cotton for the coming season.

Source: Thrakika Ekkokistiria S.A.