The New York cotton futures experienced a slightly stronger downward trend than the Cot look A or Bremen CIF Index during the reported week reflecting the firm market prices for available cotton as already described in the previous week.
The availability of the preferred medium staple cotton was partly limited; sometimes only qualitative concessions enabled the supply. The domestic demand was said to be good up to restrained.
Although the spinning industries’ price ideas were below origin in general, orders were placed in the quarters ahead of the company holidays. The traded amounts comprised prompt delivery for immediate need as well as contracts for later months first of all due to existing processing orders or due to quality management reasons.
Medium staple cotton: Central Asia for delivery in the 2nd and 3rd quarter 2013, West Africa for prompt as well as the 2nd up to 3rd quarter 2013, Greece for the 2nd quarter 2013 and USA EMOT for the 2nd quarter 2013.
Long- and extra-long staple cotton: Egyptian Giza 88 and Giza 86 for prompt delivery. USA Pima, Israel Pima, Israel Acalpi and USA California Acala rgd. for delivery in the 2nd and 3rd quarter 2013.
