Interest in Second Quarter Improved

The price movements on the futures market during the reported week were shaped by strong volatility. The doubts regarding the economic development and currency problems in some emerging markets as well as the concerns about the stock market have boosted the quotations. The good US export data as well as the limited availability of varieties and qualities on demand stabilized the prices on the physical market even though prices tended to remain firmer at origin. Keeping in mind the processing industries' expectations of lower quotations, the uncertainties concerning the price development hampered the closing of contracts on the local market despite an increasing interest. The number of enquiries for deliveries during the second quarter has improved next to near dates.

The long staple prices remained relatively stable even though the US Pima quotations had increased due to first worries regarding water supplies in California.

• Medium Staple Cotton:

Brazil for prompt delivery. Central Asia and Greece for the 1st quarter 2014 and West Africa for the 1st and 2nd quarter 2014. Argentina for the 2nd quarter 2014.

• Long and Extra-Long stapel cotton:

Israel Acalpi and Egyptian Giza 86 for prompt delivery. USA Calif. Acala rgd. for the 2nd quarter 2014.