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Calm trading in European cotton market
23
Mar '12
Bremen Cotton Exchange says that cotton prices moved more or less sideways this week. The effects of the temporary Indian export ban have been put into perspective with regard to prices. It was also reported on brisk demand and trading volume from the Far East, with European buyers being dominated by a more cautious attitude. There were inquiries and sales to a limited extent focusing on immediate need of the spinning mills.

In the medium staple range turnovers were reported of Central Asian, West African and Greek cotton for the 2nd quarter 2012 as well as Brazilian cotton for prompt delivery.

Extra-long staple and long staple cotton like Giza 88 were agreed for prompt delivery and Israel Pima as well as US Pima for delivery in the 2nd Quarter 2012.

Bremen CIF Index

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