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CIF Bremen index shows restraint demand this week
12 Dec '14
1 min read
The CIF Bremen index showed restraint demand this week, and somewhat followed the New York cotton futures that had marginally dropped but moved basically sideways within a narrow belt of fluctuation without any clear direction.
Quotations in euro remained nearly unchanged as the stronger US dollar compensated slight price reductions, Bremer Baumwollbörse, the Germany-based cotton exchange said.
“Inquiries of the textile industry were confined to securing production as well as existing orders and led only sporadically to the closure of contracts,” the exchange said.
During the week, contracts were concluded for medium staple cotton—from Greece for the first quarter of 2015, and Central Asia and West Africa for the first and second quarter of 2015.
Long and extra-long staple cotton were purchased from stocks. These included Israeli Pima and Egyptian Giza 86 varieties. (RKS)
Fibre2fashion News Desk - India
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