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U.S. Cotton Net Export Sales Slips 65% W/W At 44,600 RBs For May 15-21

29 May 2020 6:20 pm
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Mumbai (Commodities Control) – U.S net cotton sales dipped 65% at 44,600 RBs for 2019/2020 for the week ended May 21st and down 85% from the prior 4-week average.

US net cotton sales was reported at 128,900 RBs for the week ended May 14th.

Increases for China (58,600 RB), Vietnam (34,000 RB, including decreases of 6,300 RB), and Germany (200 RB), were offset by reductions primarily for Pakistan (12,100 RB), Thailand (9,200 RB), Turkey (8,800 RB), South Korea (7,400 RB), and Mexico (6,400 RB).


For 2020/2021, net sales of 171,900 RB were primarily for China (113,200 RB), Turkey (24,600 RB), Pakistan (11,400 RB), Thailand (9,700 RB), and South Korea (9,400 RB), were offset by reductions for Mexico (4,300 RB). Exports of 267,400 RB were up 6% from the previous week, but down 4% from the prior 4-week average. Exports were primarily to Vietnam (84,300 RB), China (55,300 RB), Pakistan (52,900 RB), Turkey (30,500 RB), and South Korea (10,500 RB).



Net sales of Pima totaling 10,100 RB were up noticeably from the previous week and from the from the prior 4-week average. Increases were primarily for China (9,600 RB), Turkey (300 RB), and South Korea (200 RB). Exports of 1,400 RB were down 70% from the previous week and 76 percent from the prior 4-week average. The destinations were primarily to Pakistan (700 RB), Vietnam (300 RB), and India (200 RB).

Exports for Own Account: For 2019/2020, new exports for own account totaling 11,300 RB were to Vietnam. The current exports for own account outstanding balance of 31,800 RB is for Vietnam (11,900 RB), China (10,700 RB), Indonesia (8,200 RB), and Bangladesh (1,000 RB).

(Commodities Control Bureau)


       
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