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Fear of further rising prices, Bremen Cotton
25
Feb '10
The cotton quotations in New York continued to rise strongly during the reporting period in particular for the front trading months. In addition the Euro continued to tend weaker vs. the US-dollar. Increased enquiries by the spinning industry indicated the still existing need of covering and the fear of further rising prices. The prevailing unfavourable market conditions prevented new contracts in many cases. Turnovers stagnated on a low level.

In the Upland Range were traded: Central Asian sorts for prompt and through the 2nd quarter 2010 and Greek descriptions for loading in the 2nd quarter 2010.

From among the extra-fine cottons were traded: Israel Pima for prompt.

Bremen Cotton Exchange

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