Only a small number of inquiries was registered which mainly referred to absolutely necessary immediate need due to existing spinning orders.
In this case, the spinning industry was rather prepared to follow the price development in New York and accept higher prices.
Apart from that, traders reported that the price ideas of the spinners remained on an unchanged level so that only few contracts could be closed in the Upland as well as ELS-range.
Contracts were concluded for:
Medium staple cotton: West Africa and Central Asia for prompt. West Africa for the 1st quarter 2014 as well.
Long and Extra-Long staple cotton: US Pima, Egyptian Giza 86 and Israel Pima for prompt. US Pima and Israel Pima also for the 1st quarter 2014.
Bremen Cotton Market
GST will certainly reduce a lot of paperwork in future
Textile & apparel industry
GST is a complicated and lengthy process
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