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Still Demand for Near Dates
Mill demand during the reporting week continued to concentrate on
cotton available until the end of the year 2010. Interest existed in both,
medium staple and fine/extra fine varieties. However the potential in the
origins as well as in the domestic warehouses remained considerably reduced in
quantity and in quality. Additionally, the new crop is still in the fields and
it is not yet precisely foreseeable when the first lots will be prepared for
delivery. The cotton quotations at the New York futures market and the Cotlook A
index (Far East) went up distinctly in the past week. In general, cotton prices
continued their firm tendency.
In the Upland range
the conclusion of contracts was registered in Central Asian medium to
lower grades for September through December 2010 and for dates in the
1st quarter 2011; Syrian types for September through December
2010; West African styles for September through December 2010
and for March through July 2011; furthermore Greek descriptions
for December 2010 through July 2011.
From among the fine/extra
fine varieties were traded: Egyptian GIZA 86 and
88 for September through November 2010; Sudan Barakat
for the same period of time, and Israel and US Pima
for January through June 2011.
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