Greek Crop On the Road to Recovery in 2010/11.

Following four consecutive seasons of declining cotton acreage, Greece’s new crop is showing strong signs of recovery. Many farmers are coming back to cotton after disappointing returns from their alternative crops, primarily wheat and corn. For the first time in the last five years, there is optimism in the market. Growers have noticed the price rally of New York cotton futures and anticipate high seed cotton prices for the new crop. Ginners had a profitable season in 2009-10 and are ready to reward farmers who commit to cotton cultivation.

Source: www.cotton247.com