German markets short of good quality cotton

Bremen CIF Index reports that the enquiries and turnovers of the previous week mainly referred to prompt delivery up to the beginning of the 1st quarter 2013. Due to a lack of availability of higher qualities from several provinces, medium qualities were delivered in the first place.

Regarding enquiries for the coming year price ideas were often diverging leading to a continuous wait-and-see-attitude of the spinning industries hoping for dropping prices. In total turnovers were significantly larger in the LS/ELS-range than in the medium staple range

The following contracts were closed:

In the medium staple range: Central Asia for prompt up to the end of the 4th quarter 2012. Greece, Spain and West Africa for prompt up to the 1st quarter 2013. Turkey prompt for the end of 4th quarter and the beginning of the 1st quarter.

Long- and extra-long staple cotton: California Acala rg. and Sudan Barakat for the 1st quarter 2013. Egyptian Giza 86 and Giza 88, Israel Pima and Israel Acalpi as well as US Pima for the 4th quarter 2012 and the 1st quarter 2013.