Facing the upcoming and partly already started company holidays in the spinning industry, traders could only sell small amounts of cotton during the reported week.
Several inquiries for medium staple cotton did not lead to closed contracts since some varieties were only limitedly available and the price ideas were diverging too far.
Traders reported as well that the Far East business has recorded a downward trend, too, due to the beginning Ramadan.
The following contracts were closed:
Medium staple cotton: Argentine cotton and the new Greek crop was traded for prompt delivery.
Long and Extra-long staple cotton: Spanish extra-long staple cotton as well as US-Pima was ordered for prompt delivery, Egyptian Giza 88 for the 3rd quarter 2013, Sudan Barakat for the 4th quarter 2013 and Israel Acalpi for the 4th quarter 2013.
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