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U.S. Cotton Exports Registered Net Sales Reductions of Over 10,000 Bales During May 22-28

4 Jun 2020 6:45 pm
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Mumbai (Commodities Control) – U.S weekly cotton exports sales reported net sales reductions of 10,100 RB for 2019/2020; down noticeably from the previous week and from the prior 4-week average.

Increases for Taiwan (3,300 RB, including 900 RB switched from Bangladesh and decreases of 100 RB), Bangladesh (3,200 RB), Indonesia (1,500 RB, including 2,100 RB switched from Malaysia and decreases of 100 RB), South Korea (1,300 RB, including decreases of 200 RB), and Thailand (400 RB, including decreases of 400 RB), were offset by reductions primarily for Turkey (12,200 RB), Vietnam (4,400 RB), and Malaysia (2,100 RB).

For 2020/2021, net sales of 12,400 RB for Vietnam (8,800 RB), China (5,500 RB), Turkey (4,400 RB), Pakistan (1,100 RB), and Egypt (900 RB), were offset by reductions for Honduras (6,100 RB) and Peru (2,200 RB).

Exports of 237,900 RB were down 11 percent from the previous week and 16 percent from the prior 4-week average. Exports were primarily to Vietnam (84,900 RB), China (45,100 RB), Pakistan (43,900 RB), Turkey (24,000 RB), and South Korea (10,200 RB). Net sales of Pima totaling 500 RB were down 95 percent from the previous week and 85 percent from the from the prior 4-week average. Increases for Djibouti (2,200 RB, switched from China), Turkey (400 RB), and Peru (200 RB), were offset by reductions for China (2,200 RB) and India (100 RB). Exports of 2,100 RB were up 57 percent from the previous week, but down 50 percent from the prior 4-week average.

The destinations were primarily to Indonesia (900 RB), Pakistan (700 RB), and India (400 RB).

Exports for Own Account: For 2019/2020, 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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