Greece: Cotton contracts behind the Wall Street

Published 2022년 11월 28일

Tridge summary

The article discusses the current situation of agricultural commodity markets, with a focus on the decline in December contract prices and the slow global demand observed. The situation is anticipated to impact the balance of March prices and the ability of spinners to pay. The Greek market is experiencing a lull in demand, with pressure on premiums over stock prices, and a stronger euro exacerbating the situation in the physical market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New York Of course, earlier the prices in the December contracts lost a few cents from the recent highs and from this movement it appeared that the demand while the stock market was close to 90 cents was sluggish globally. Interest now focuses on the point at which March prices will balance and what spinners will be able to pay. A small recovery now will convince them to make new purchases. Greek market Movements from Egypt for Greek cotton come to somewhat break the sluggish climate that has been maintained for several weeks in the domestic market. In any case, demand remains tepid, which allows pressures on the premium over stock prices, which have ...
Source: GRAgronews

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