Decreasing Prices

The New York Cotton Futures have stabilized on a slightly lower level than in the previous week. The situation has remained generally unchanged in trade and industry. The satisfaction of short-term demand and the search for of cheap offers as well as available varieties dominated the market activities. Moreover interest in general spot market price levels and the further price development was registered. Since many processing companies were up to begin the holidays, contracts for Upland cotton deliveries were predominantly closed for in the 1st quarter 2012.

The following contracts were closed in the medium staple range: West Africa, Central Asia and Indiafor the 1st quarter 2012 as well as Greece for delivery in the 2nd quarter 2012.

Egyptian Giza 86 and Israel Pima were traded for prompt and Giza 88 for the 1st quarter 2012 in the long and extra long staple range.