Greek Cotton Enjoyin a Dream of a Season

摘要

Greece is going through an almost perfect season for cotton growers with high seed cotton prices that, remarkably, are not linked to the decreasing NY futures prices. Unfortunately, ginners are experiencing aworst case scenario, as correction on lint prices occurred after ginners had received the cotton, and most of them paid for the seed cotton from farmers.Thankfully our crop came early this season and we were able to sell and ship in late September or early October, taking advantage of the low global cotton availability due to a late U.S. harvest. This fact shortened our growth's trading season even more, and it was already getting shorter due to lack of cash flow and no liquidity support from our banking system, making it hard for ginners to keep the cotton.