The trend observed in the German cotton market in the previous week of a decline in demand, continued into the current week too.
In the medium staple range, interest was focussed primarily on standard as well as European qualities for near-by dates and also up to the first quarter of 2015.The trend observed in the German cotton market in the previous week of a decline in demand, continued into the current week too.In the medium staple#
However, due to diverging prices in the cotton market, no contracts were closed on these varieties during the week.
During the reporting week, long staple range of cotton too registered a relatively calm week as well.
In the week, contracts in medium staple cotton were concluded for; Brazilian cotton for prompt and up to the first quarter of 2015 and in US EMOT for prompt delivery.
In long and extra-long staple cotton variety, contracts were signed for Spanish ELS and Israel Acalpi for prompt and up to the fourth quarter of 2014. (AR)
Fibre2fashion News Desk - India