The uncertainty about the further trend of the market in the week under report led to smaller turnovers than in the week before. Reports by merchants were differently; the trader who could satisfy mill enquiries from existing positions, was more able to make price concessions.
Replacement basis in the countries of origin remained firm for the merchants and was not in accordance with the price ideas of the industry. Last week's course of the quotations at the New York cotton futures market gave also no incentive for covering later dates.
In the Upland range were traded: Central Asian sorts for prompt and further in the 1st to 3rd quarter 2007; West African types for the same period of time; Brazil descriptions and Israel Acala for the 2nd and 3rd quarter 2007.
Turnovers in ELS/LS cottons were registered in Egyptian GIZA 86 for prompt, GIZA 88 and Israel Pima for the 2nd quarter 2007.
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Bremen Cotton Exchange, Germany
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