Trade sources released varying reports about the demand for cotton during the week under report. On one side the forthcoming works holidays had already a limiting effect, but on the other side the heavy downtrend of the New York cotton futures market at the end of the reporting period created some new buying interest increased.
The price ideas of the buyers however did in most cases not meet the possibilities of the merchants and as a consequence only few new contracts could be closed. The range of supply was also restricted because of the lacking offers from the countries of origin.
In the Upland range, turnovers were registered as follows: Central Asian sorts for the 3rd and 4th quarter 2006 and for the 1st quarter 2007; West African types for the 3rd and 4th quarter 2006 and the 1st quarter 2007; Greek descriptions for the 3rd and 4th quarter 2006, as well as Turkish rollerginned for the 1st quarter 2007.
In the long- and extra long staple range, contracts were realised in Egyptian GIZA 88 for the 3rd quarter 2006; Sudan Barakat for the 3rd quarter 2006 and USA Pima for the 3rd quarter 2006.
Bremen Cotton Exchange (Bremer Baumwollboerse) was founded in 1872 and was created to maintain and to promote the interests of all those connected with the international cotton trade.
Today the membership of the Bremen Cotton Exchange consists of 201 members residing in Germany, Europe and overseas.
Membership in the Bremer Baumwollbörse indicates that a firm is of good standing, of moral integrity for fulfilling its commitments, and of financial responsibility.
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