While Egyptian Cotton prices remain the same: <br> Cotton prices started rising
In Egypt, cotton prices were unchanged till January 1oth with Extra long staple Giza 70 at 142.25 cent/lb and Giza 88 137.25 cent/lb. Meanwhile, the long staple Giza 86 is 130.25 cent/lb, which is equivalent to the American Pima cotton. The American Pima cotton price is 140 cent/lb. The Egyptian cotton commitments…
Egytex News Desk
Egytex
In India, prices further rose in the past period, boosted by stronger demand from foreign customers like Pakistan. Domestic mills are also aggressively buying cotton with the end of the crop season now looming. Indian Manufacturers asked their officials to reduce the customs on their imports of cotton.
Demand remained low according to local sources, while yarn makers are increasingly importing cotton from foreign countries.
Orders to India apparently surged after Indian and Pakistani leaders met in the past week with trade relations expected improving in the coming months.
The Turkish cotton prices declined that week, but there is demand recovery for Turkish cottons this week .However, the Indian subcontinent still the key source for the Turkish cottons demands.
From the Egytex news archive, first published on 15 January 2004. Figures and names are as reported at the time.
