During the reporting period, the upward trend at the New York cotton futures market let the offering prices for effective cotton soar in high regions.
During the week, more mill demand for cotton from the new crop was reported, but at the present price level mill-buyers postponed further purchases to later dates.
As a consequence mainly lots were traded for near delivery, in order to should cover the evidently still existing demand before the holidays.
In the Upland range turnovers were registered in Central Asian sorts for prompt, also West African types. Contracts in Greek descriptions were realised for loading in the 2nd to 4th quarter 2007.
From among the ELS/LS varieties were traded: Egyptian GIZA 86 for the 3rd quarter 2007 and Israel Pima for the 3rd and 4th quarter 2007 and for the 1st quarter 2008.
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Bremen Cotton Exchange / Otto Stadtlander GmbH
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