CIF Bremen Index climbs higher

Several reasons have been named for this development at the ICE in New York: The establishment of positions at the futures market, the movements concerning other agricultural products, good U.S. export data, a weaker U.S.-dollar as well as the decreasing amount of available cotton stocks in the world.

The considerably higher CIF Bremen Index compared to the previous week demonstrates the firmness of the prices. The rising prices, a subdued yarn business and, last but not least, the holiday limited the turnover on the domestic market.

Just like the weeks before, cotton was predominantly purchased to satisfy immediate need, notwithstanding ELS cotton was already traded for delivery in 2014 from various origins and in various qualities at foreseeable firm prices.

The following contracts were closed:

Medium staple cotton: Cotton from West Africa for prompt delivery, Israel Acala for the 2nd quarter, Spain, Zimbabwe und Central Asia for the 3rd quarter 2013.

Long- and extra-long staple cotton: US Pima for the 1st and 2nd quarter 2014 as well as Israel Pima and Israel Acalpi for the 2nd quarter 2014.

Bremen Cotton Market