Brisk Market

In the reported week the calmer financial markets supported stable prices in New York. Next to position adjustments the upward trend of quotations for old crop in March and July was influenced by continuously good U.S. export data and lower estimated stocks in important producing countries at stable worldwide demand. Opposite to this, the December as price indicator for the new crop remained about ten cents lower. This development has also affected local market activities. Merchants reported on brisker business. Just like in previous weeks, contracts were predominantly closed for available medium staple cotton for nearby delivery. European crop from the next season was traded again as well. The long and extra-long staple range recorded increasing demand for the 2nd quarter.

• Medium Staple Cotton:

Central Asia and West Africa for prompt delivery up to the 2nd quarter 2014; Westafrica also for the 3rd quarter. Greece for prompt and the 4th quarter 2014, and Spain for the 4th quarter as well.

• Long and Extra-Long stapel cotton:

USA Pima, Israel Pima and Egyptian Giza 86 for prompt delivery and the 2nd quarter 2014.