The cotton quotations had drastically gone up during the past week. Reports about reduced area under cultivation, particularly for ELS/LS varieties, and land abandonment because of drought or flooding led to insecurity.
The business focused on goods on hand for short term delivery. Turnovers in the local market remained in a manageable frame in particular because of higher prices.
Turnovers in the Upland range were registered as follows: Central Asian sorts, mostly higher grades, for prompt; Greek descriptions for prompt; West African types for prompt and further until 4th quarter 2008, as well as California SJV ex warehouse.
In the ELS/LS range were traded: Egyptian GIZA 86 for the 2nd and 3rd quarter 2008; GIZA 88 ex warehouse, as well as Israel Pima for the 2nd to 4th quarter 2008.
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
