At this time of the year; the Yorkshire and London based export house traders are busily preparing to make to meet with their trade partners overseas. As cotton prices have improved in early January, textile waste dealers who took advantage last year to accumulate extra inventory; will be pleased to offload onto what is slowly, becoming a bullish market.
Due to the severe cold snap that affected the UK, has had some sportive effects on the UK economy. Stimulated by the cold weather, production of bedding materials produced from recycled textile fibres have sprung back into action according to merchants.
The present International currency situation is also fueling a rush for all manner of re-useable textile fibres, yarns and rags.
The vibrancy in the global cotton business, is being enhanced by the strong knitwear and denim sectors; and prolific demand for wadding and surgical apparel has kept spinners very busy.
Recyclable cotton styles are particularly in demand in the Indian, Asian and African continents. Similarly mixed acrylic cuttings and laps are clearing well to the Far East too.
Cotton at source has firmed up further during December and January, following a virtually uninterrupted increase in value since early September last year.
The United States Department of Agriculture reported that raw cotton production levels estimates for both China (+500,000 bales) and Brazil (+150,000 bales) while production estimates for India (+300,000 bales). World consumption figures changed by only 145,000 bales with the some notable declines being in Japan.