Bremen Cotton Market

Turnover in ELS Cotton dominated 

Since middle of last week the quotations of the ICE and the CIF Bremen Index moved in an upward direction reflecting firm offers in various origins. At the local market inquires continued to be stable. In the beginning of this week the turnover for medium staple cotton decreased when the CIF Bremen Index moved close to 98 cents/lb. In view of rising prices spinning mills were generally reluctant to accept available offers. Contracts were negotiated for delivery within the next half year, but the interest increases for delivery dates in the next year. This trend was even more obvious for Extra-Long staple and Long staple cotton. Despite considerably higher prices compared to Upland cotton there was strong buying interest. Spinning mills covered a wide range of different qualities for actual needs until the end of the year and furthermore covered their requirements already for the first half of next year.

Contracts were concluded for:

• Medium staple cotton:

Central Asia, Greece and Spain for delivery in the 4th quarter 2013 and the 1st quarter 2014, West Africa additional for the 2nd quarter 2014.

• Long- and extra-long staple cotton: 

Egyptian Giza 86 and Giza 88 for the 4th quarter 2013, Sudan Barakat for the 4th quarter 2013 and the 1st quarter 2014, USA Pimaas well as USA Acala rgd and Israel Acala rgd for the 4th quarter 2013 and the 1st and quarter 2nd quarter 2014.