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US Cotton Net Export Sales For July 5-11 Up 1% W/W At 54,000 RB

18 Jul 2019 6:16 pm
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NEW DELHI (Commoditiescontrol) - US net cotton sales were at 54,000 RB for the week ended July 11 in the marketing year 2018/2019, up 1 percent from the previous week and 46 percent from the prior 4-week average.

US net cotton sales were at 53,400 RB for the week ended July 4.

Increases were primarily for Vietnam (34,400 RB, including 100 RB switched from Japan), India (11,900 RB, including decreases of 1,000 RB), Indonesia (3,300 RB, including 100 RB switched from Japan), Bangladesh (3,300 RB), and Malaysia (2,600 RB, switched from Indonesia).

Reductions were for Thailand (4,900 RB), El Salvador (1,200 RB), and Japan (600 RB). For 2019/2020, net sales of 218,900 RB were primarily for Vietnam (100,900 RB), India (33,700 RB), Turkey (18,700 RB), Guatemala (18,000 RB), and Pakistan (9,800 RB).

Exports of 310,300 RB were down 7 percent from the previous week and 6 percent from the prior 4-week average.

Exports were primarily to India (89,200 RB), Vietnam (57,100 RB), Turkey (33,500 RB), Bangladesh (27,100 RB), and Mexico (14,500 RB).

Net sales reductions of Pima totaling 5,300 RB--a marketing-year low--resulting in increases for Switzerland (1,300 RB), Pakistan (700 RB), Indonesia (200 RB), Bangladesh (200 RB, including 100 RB switched from Switzerland), and Thailand (100 RB), were more than offset by reductions for China (7,500 RB) and Japan (200 RB).

For 2019/2020, total net sales of 500 RB were reported for India. Exports of 11,400 RB were up 6 percent from the previous week, but down 28 percent from the prior 4-week average. The destinations were primarily to India (4,400 RB), China (4,400 RB), Bangladesh (1,600 RB), Vietnam (300 RB), and Peru (200 RB).

Exports for Own account: For 2018/2019, exports for own account totaling 400 RB to India were applied to new or outstanding sales.

The current exports for own account outstanding balance of 14,500 RB is for Indonesia (10,200 RB), China (2,300 RB), South Korea (1,200 RB), Taiwan (500 RB), and Thailand (300 RB).

(By Commoditiescontrol Bureau)


       
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