Price recovery

One may describe the direction of the New York futures quotation with slight recovery during the last week. The Cotlook A-Index generally follows this movement. The fluctuations of the Bremen CIF-Index remained in a narrow range and prices trended also tighter at the end of the reporting week. The domestic market in general was influenced by the company holidays, but some spinning mills returned to work and obviously manageable prices caused a slight vitalization of demand especially for delivery months not too far away.

Turnovers in medium staple varieties were reported in West African, Brazilian, Argentinian cotton for the 3rd and 4th quarter 2011 as well as USA Texas cotton for the 4th quarter.

In the Long and Extra Long Staple cotton range were sold Israel Pima for the 3rd quarter 2011, US-Pima for the 3rd and 4th quarter 2011 and US Calif. Acala rgd.