Moderate Turnover

The reference week began just like the last one ended: with a somewhat increased turnover, which, however, decreased slightly within the course of the week. There weren't any fundamental news to point the market in a clear direction. Reports on contracts did not create a conform picture. On the one hand there was a faint revival of the demand leading to sales of nearby delivery and new European crops; on the other hand there were plain price enquiries and spinning industries with a wait-and-see attitude hoping for falling quotations.

Medium staple qualities were traded as follows: Argentina andWest Africa for prompt, Greek and Spainfor the 4th quarter 2011 up to the 1st quarter 2012 as well as Central Asia for the 4th quarter 2011.

The following turnover was registered in the ELS/LS-range: Egyptian Giza 86 and Giza 88 for prompt and Israel Pima for the 1st quarter 2012.