Bremen CIF Index reports that the slight price increase from last week came to a halt again during the reported week. Price-raising influences just like prices of competing crops as well as the adjustment of positions of market participants were curbed by the development at the real market.
All indices moved at a stable level within a more limited range. At the local market the formation of larger positions was avoided as before during preceding weeks. The major interest concentrated on the satisfaction of immediate demand.
A number of enquiries were registered; however, they mostly did not lead to the closure of contracts, but rather served as orientation concerning the price development. Selected qualities still found their purchasers. A wait-and-see-attitude was mainly predominating.
The following contracts were closed:
- In the medium staple range: Cotton from Central Asia for delivery prompt as well as the 3rd and 4th quarter 2012 and Israel Acala for prompt and the 1st quarter 2013.
- In the extra-long staple range: Israel Pima for delivery prompt up to the 1st quarter 2013 and Israel Acalpi for the 4th quarter 2012 and the 1st quarter 2013.