Turnover despite high prices

Since the middle of last week the quotations moved in considerable jumps to new historical highs at the New Yorker Future Market, the Liverpool A Index and the Bremen CIF Index. Nevertheless the interest of the spinning industry for cotton was still on a high level. Especially at the beginning of the week considerable turnovers were reported, for prompt deliveries as well as for cotton of new and old crop for deliveries in the second half of 2011. Long and Extra Long Staple cotton had been traded most of all for first and second quarter 2012.

It was reported in detail for medium staple cotton Greek for prompt delivery, USA M/O/T for 2nd quarter, West African for prompt till 3rd quarter and also Central Asian for 3rd quarter.

In the Long and Extra Long Staple range contracts were negotiated for Israel Pima and Israel Acalpi for 1st quarter 2011 and 2nd quarter 2012 and for US Pima for 1st quarter 2012.