Due to a lack of fundamentally new data, the major price indices moved within a narrow range in the reported week and remained nearly stable compared to the previous week.
While, in general, the number of inquiries was slightly restrained, the turnover experienced a diverging picture. Some textile industries kept watching for the further development of the quotations.
Others showed considerable interest in promptly satisfying their need, especially concerning the extra-long staple range. Upland cotton business was mainly shaped by focus on the first quarter of the next year.
Contracts were concluded for:
Medium staple cotton: Central Asian and East African cotton was sold for prompt delivery and the 1st quarter 2014. Cotton from West Africa was traded for the 1st and 2nd quarter 2014.
Long and Extra-Long staple cotton: Giza 88 and US Pima were delivered promptly. Israel Pima was ordered for near dates up to the 1st quarter 2014.