Compromises on Price and Quality Necessary

Prices for Upland as well as long staple cotton remained firm with a rising tendency at the ICE during the reported week leading to uncertainties on the part of the spinning industries. This resulted once again in a wait-and-see attitude - especially in the Upland range - hoping this price development might have only been provoked by temporary speculative influences. Just like last week, upper qualities were sometimes only to a limited extend available, so that the spinning industry had to make compromises on price and quality. The demand for long staple descriptions, on the other hand, rose a little during the last week. Purchases at long sight were not done.

The following contracts were closed:

• Medium staple cotton: Cotton from Greece,Spain and West Africa were ordered for prompt delivery. Spanish and Central Asiandescriptions as well USA E.M.O.T. were traded for the 2nd quarter 2013.

• Long- and extra-long staple cotton: Sudan Barakatand US Pima were sold for prompt delivery.