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US Cotton Net Export Sales For Dec 27-Jan 2 Down 38% W/W At 152,000 RB

10 Jan 2020 7:18 pm
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NEW DELHI (Commoditiescontrol) - US net cotton sales were at 152,000 running bales (RB) for the week ended January 2 in the marketing year 2019/2020, down 38 percent from the previous week and 33 percent from the prior 4-week average.

US net cotton sales were at 246,200 RB for the week ended December 26.

Increases were primarily for Vietnam (97,600 RB, including 6,900 RB switched from Hong Kong, 2,100 RB switched from South Korea, 300 RB switched from Japan, and decreases of 1,500 RB), Pakistan (24,400 RB), Turkey (19,000 RB), South Korea (15,700 RB, including decreases of 200 RB), and Bangladesh (12,800 RB, including decreases of 600 RB), were offset by reductions primarily for India (18,000 RB), Hong Kong (6,900 RB), and Nicaragua (3,900 RB).

For 2020/2021, net sales of 5,500 RB were for Turkey (4,400 RB) and Vietnam (1,100 RB).

Exports of 211,400 RB were down 6 percent from the previous week, but up 2 percent from the prior 4-week average. Exports were primarily to Pakistan (58,900 RB), Vietnam (54,000 RB), China (34,000 RB), Indonesia (12,600 RB), and Turkey (11,000 RB).

Net sales of Pima totaling 5,200 RB were down 66 percent from the previous week and 62 percent from the prior 4-week average.

Increases were primarily for Pakistan (1,700 RB), India (1,600 RB), Vietnam (900 RB), Greece (700 RB), and Turkey (200 RB).

Exports of 5,400 RB were down 13 percent from the previous week and 37 percent from the prior 4-week average.

The primary destinations were Peru (2,000 RB), India (1,800 RB), Turkey (1,300 RB), and Thailand (200 RB).

Exports for Own account: For 2019/2020, new exports for own account totaling 7,200 RB were primarily to Vietnam (5,100 RB). The current exports for own account outstanding balance of 22,800 RB is for India (8,700 RB), Bangladesh (6,500 RB), Vietnam (5,100 RB), and China (2,500 RB).

(By Commoditiescontrol Bureau)

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