Continuously Decreasing Upland Prices 

Daily price reductions have been registered in the medium staple range during the reported week in New York, while quotations at origin remained constantly firm. The spinning industry thereupon showed increased interest, yet inquiries often served only for price evaluation. Contracts could only be closed following tough negotiations, since spinners expect a continuously bearish development. Nevertheless the turnover development was overall positive. ELS-quotations stayed firm with a rising tendency during the past week. The beginning of limited availability at origin additionally fueled the increase. 

Contracts were concluded for: 

• Medium staple cotton:

Central Asia for prompt up to the 2nd quarter 2014, West Africa for the 1st and 2nd quarter 2014,Spain for the 4th quarter 2013 and the 1st quarter 2014, Brazil for prompt, India for the 4th quarter 2013 and USA E.M.O.T. for the 1st quarter 2014.

• Long- and extra-long staple cotton: 

Israel Acalpi for prompt, and USA Pima as well as Israel Pima for prompt up to the 1st quarter 2014.