Bremen Cotton Market

Bremen, November 20, 2019

Little Development on the Market

No clear development is currently becoming apparent on the market. As in past weeks the New York cotton futures moved rather sideways instead of following whatever trend. The negotiations between the U.S. and China have not brought any changes to the market as well.

The wait-and-see attitude of past weeks has slightly diminished, and some inquiries were registered that are still up for discussion. At present purchases are rather shaped by satisfying immediate need. Contracts predominantly refer to smaller amounts with short-term delivery dates, especially in the ELS segment.

Contracts were concluded for:

Medium Staple Cotton

Tanzania I/2020

West Africa I/2020

Long and Extra-Long Staple Cotton

Israel Pima prompt

US Pima prompt