The cotton quotations had drastically gone up during the past week. Reports about reduced area under cultivation, particularly for ELS/LS varieties, and land abandonment because of drought or flooding led to insecurity.
The business focused on goods on hand for short term delivery. Turnovers in the local market remained in a manageable frame in particular because of higher prices.
Turnovers in the Upland range were registered as follows: Central Asian sorts, mostly higher grades, for prompt; Greek descriptions for prompt; West African types for prompt and further until 4th quarter 2008, as well as California SJV ex warehouse.
In the ELS/LS range were traded: Egyptian GIZA 86 for the 2nd and 3rd quarter 2008; GIZA 88 ex warehouse, as well as Israel Pima for the 2nd to 4th quarter 2008.
The business focused on goods on hand for short term delivery. Turnovers in the local market remained in a manageable frame in particular because of higher prices.
Turnovers in the Upland range were registered as follows: Central Asian sorts, mostly higher grades, for prompt; Greek descriptions for prompt; West African types for prompt and further until 4th quarter 2008, as well as California SJV ex warehouse.
In the ELS/LS range were traded: Egyptian GIZA 86 for the 2nd and 3rd quarter 2008; GIZA 88 ex warehouse, as well as Israel Pima for the 2nd to 4th quarter 2008.
