Stable Prices

The CIF Bremen Index showed a sideward movement compared to last week and analogue to the New York cotton futures. A firm US-dollar, profit-taking of investors at the ICE as well as the wait-and-see attitude of the spinning industries were advantageous for stable quotations on average despite daily deviations. The price level was not sufficiently interesting for potential purchasers to conclude long-term obligations. Therefore, contracts were only closed for immediate need and for special varieties up to the second quarter on the local market.

The following contracts were closed:

• Medium staple cotton: West African, Brazilianand Central Asian descriptions for prompt delivery, Central Asian cotton for the 1st quarter as well. East Africancotton for the 2nd quarter 2013.

• Long- and extra-long staple cotton: Israel Acalpifor the 1st quarter, USA Pima for the 1st and 2nd quarter andIsrael Pima for the 2nd quarter 2013.