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Cotton availability from running season approaches end

09
May '07
Because of May 1st the week under report was shortened by one trading day. However, the sales figures proportionally fell by far more aback. Enquiries by spinning mills with the local merchants were indeed existent, but the price ideas ranged clearly below the replacement basis in the countries of origin.

Therefore, the opportunity for the conclusion of new contracts was strongly limited. The availability of cotton from the running season approaches already an end in the case of some growths, respectively is connected with carrying charges which need to be calculated. Some other growths are at present not offered because of the predominant low quotations.

Contracts in the Upland range were registered as follows: West African types for prompt and further in the 2nd, 3rd and 4th quarter 2007; Central Asian sorts for the 2nd and 3rd quarter 2007, as well as Greek descriptions for the 2nd and 3rd quarter 2007.

In the ELS/LS range were traded: Israel Pima for prompt and further in the 2nd quarter 2007, as well as Sudan Barakat for prompt.

Click here to view table:

Bremen Cotton Exchange


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