Brisk Market in the LS/ELS Range

Turnover moved to long staple and extra long staple cotton during the reported week. In comparison to Upland cotton prices remained attractive. There were only few offers from the origin in the medium staple range. Enquiries from the spinning industries for near dates were rare, partly because of the upcoming holidays. Cotton prices remained firm; nevertheless profitable offers found their purchasers. The processing industry has increasingly had difficulties to implement the high raw material prices in its textile chain.

Reported Upland cotton came from: Central Asia for prompt, West Africa for the 2nd quarter 2011 as well as the 1st and 2nd quarter 2012, USA E/M/O/T for the 1st quarter 2012.

Traded LS-/ELS-qualities: USA SJV Acala rgd. for prompt, Egyptian Giza 86 for prompt, 2nd and 3rd quarter 2011 as well as 1st quarter 2012. Egyptian Giza 88 for the 2nd quarter 2011, Israel Pima for prompt, 3rd and 4th quarter 2011, Israel Acalpi for the 4th quarter 2011 as well as US Pima for the 3rd quarter 2011 and the 1st quarter 2012.