Without important new economic data market was influenced more by signs of relief on the situation of the US crop, weakening prices for competing crops as well as limited demand from spinning mills due to Ramadan.
At the domestic market business was temporarily quite active despite company holidays, although the buying pattern of the last weeks prevailed. Offers for cotton actual available for delivery remain firm in general.
Spinning mills were still looking for cotton for nearby delivery to secure their production after the company holidays.
The demand was covered most of all from local stocks. Shipments were ordered primarily for the coming quarter to bridge the gap to new crop, but especially Extra Long staple cotton was also bought for delivery at the beginning of next year.
It was reported in detail:
Medium staple cotton: Cotton from Spain and Paraguay for prompt delivery, from Central Asia and West Africa for prompt and the 4th quarter well as from Greece and East Africa for 4th quarter 2013.
Long and Extra-long staple cotton: Egyptian Giza 86 and Giza 88 for prompt delivery, Israel Pima and USA Pima for prompt and 1st quarter 2014.
Bremen Cotton Market
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