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Falling prices raises cotton trade enquiries

19
Apr '07
Falling quotations of the cotton prices brought the cotton trade increased enquiries, which did indeed not lead in any case to fresh business. The price ideas of the mill buyers ranged still clearly below the existing offers and were far away from in part rare offers from the origins.

Concessions could only be made for goods in hand of the trade. Shipping- respectively delivery dates concentrated still on the second and third quarter 2007, in few cases also for the fourth quarter 2007.

In the Upland range sales were registered in West African types for prompt und further in the 2nd, 3rd, and 4th quarter 2007; Central Asian sorts for prompt und in the 2nd and 33rd quarter 2007; Greek descriptions for loading in the 2nd quarter 2007, as well as Spanish cotton.

In the LS/ELS range were traded: Egyptian GIZA 88 and USA Pima for dates in the 2nd quarter 2007 and Sudan Barakatex warehouse Bremen.

From the beginning of January 2007, the list of origins of the CIF price quotations is slightly modified. The Committee for Standards, for the Determination of Value Differences and for Price Quotations, on its meeting on 03 January, 2007 decided to replace the quotations for Australian cotton by Indian S-6 as consequence of the strongly changed development of arrivals in Bremen.

Australian cotton had not been imported into Germany last year, whereas imports of Indian cotton increased considerably.

Click here to view table:

Bremen Cotton Exchange


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