U.S. Cotton Exports Rises 18% to 3.03 Lakh RB from Last Week : Reports

Mumbai (Commodities Control) – The exports of cotton from the U.S. were 303,800 running bales (RB), higher by 18 percent from the previous week, but down 6 percent from the prior 4-week average, said a weekly report released on Thursday.

As per the U.S. agency’s weekly report, exports were primarily to Vietnam (97,800 RB), Turkey (49,100 RB), China (38,100 RB), Pakistan (31,200 RB), and Mexico (20,600 RB) in the week ended on June 10, 2021.

The net sales of cotton at 111,300 RB for the marketing season 2020-2021 were up 3 percent from the previous week, but down 22 percent from the prior 4-week average.

Sales increased primarily for Pakistan (53,000 RB, including decreases of 100 RB), Turkey (17,800 RB), Indonesia (9,700 RB, including 400 RB switched from Japan), Mexico (6,500 RB, including decreases of 6,600 RB), and Vietnam (5,900 RB, including 400 RB switched from Japan), were offset by reductions for the Philippines (100 RB), said the report.

For marketing season 2021/2022, net sales of 102,900 RB primarily for Pakistan (84,600 RB), Turkey (7,900 RB), Indonesia (5,300 RB), Vietnam (4,800 RB), and Japan (3,600 RB), were offset by reductions for China (8,800 RB).

Exports of 303,800 RB were up 18 percent from the previous week, but down 6 percent from the prior 4-week average. Exports were primarily to Vietnam (97,800 RB), Turkey (49,100 RB), China (38,100 RB), Pakistan (31,200 RB), and Mexico (20,600 RB).

Net sales of Pima totaling 2,300 RB--a marketing-year low--were down 40 percent from the previous week and 71 percent from the prior 4-week average.

Increases were primarily for China (900 RB), Bangladesh (400 RB), Thailand (400 RB), Germany (300 RB), and Vietnam (200 RB). Exports of 12,000 RB were down 28 percent from the previous week and 13 percent from the prior 4-week average.

The destinations were primarily to India (4,200 RB), Turkey (3,000 RB), Honduras (1,000 RB), Egypt (1,000 RB), and Japan (900 RB).

Exports for Own Account: For 2020-2021, the current exports for own account outstanding balance of 11,100 RB is for China (6,200 RB), Vietnam (4,500 RB), and Bangladesh (400 RB), said the U.S. agency in its report.

(By Commoditiescontrol Bureau: +91-22-40015505)