Demand for cotton aggravated by limited availability

27 May '10

1 min read

The demand predominantly increased in contrast to the previous week according to merchants' reports while some spinning industries have only collected information on the current cotton prices and the new crop, others have not been able to restrain from ordering anymore – in the hope for better prices – and, especially for immediate need, accepted perforce the unchanged high cotton prices. The fulfilment of demand was significantly aggravated by limited availability from the origin as well as from stock where delayed arrivals of cotton because of the development of the freight rates also led to shipping delays.

Descriptions from the following proveniences were sold in the Upland range:
West Africa and Central Asia for prompt delivery as well as up to the 2nd quarter 2011; Argentina for the 3rd quarter 2010 (approx. September); Greece and Brazil for the 4th quarter 2010 and the 1st quarter 2011.

The need for LS and ELS in the 2nd and 3rd quarter 2010 was satisfied by Sudan Barakat, Israel Pima and Egyptian GIZA 86 + 88. Furthermore contracts were closed for US-Pima and Californian Acala rollerginned for the 1st and 2nd quarter 2011.

Bremen Cotton Exchange

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