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Business better in long & extra long staple cotton

21
May '08
The trade reported on a markedly quite week and a restrained demand for Upland-cotton, since the price ideas between spinnery and origin are still diverging.

Only absolutely necessary amounts and cheapest cotton were ordered for near dates. Business was slightly better in the long and extra long staple sector despite further firm quotations.

Cotton from Central Asia and West Africa was sold for prompt delivery. The need for the 3rd quarter was also satisfied by Central Asian and West African descriptions.

ELS/LS-sector: Giza 86 + 88 as well as US-Pima and Israel-Pima were bought for near dates. Moreover, contracts were closed for US-Pima and Israel-Pima for the 4th quarter 2008 as well as the 1st and 2nd quarter 2009.

Bremen Cotton Exchange


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