NEW DELHI, June 24 (Commoditiescontrol) - US net cotton sales were at 16,200 running bales (RB) for the week ended June 16, lowest in the marketing year 2021/2022 starting August 1, down 39 percent from the previous week and 90 percent from the prior 4-week average.
US net cotton sales were at 26,500 RB for the week ended June 9.
Increases were primarily for Vietnam (6,300 RB, including 3,700 RB switched from South Korea and decreases of 2,200 RB), China (4,500 RB, including decreases of 200 RB), Mexico (2,800 RB), Thailand (2,400 RB, including 200 RB switched from Japan), and India (2,200 RB), were offset by reductions primarily for South Korea (3,700 RB) and Pakistan (1,600 RB).
Net sales of 277,300 RB for 2022/2023 were primarily for China (238,100 RB) and Mexico (32,600 RB).
Exports of 371,900 RB were up 11 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to China (117,200 RB), Turkey (83,800 RB), Vietnam (50,800 RB), Pakistan (23,300 RB), and Mexico (18,100 RB).
Net sales of Pima totaling 1,300 RB were up 41 percent from the previous week, but down 13 percent from the prior 4-week average.
Increases reported for China (800 RB), South Korea (300 RB), Vietnam (300 RB switched from India), Japan (100) RB), and Mexico (100 RB), were offset by reductions for India (300 RB).
Exports of 5,600 RB were down 15 percent from the previous week and 41 percent from the prior 4-week average. The destinations were primarily to China (2,200 RB), Pakistan (1,000 RB), Thailand (900 RB), India (600 RB), and Indonesia (400 RB).
Optional Origin Sales: For 2021/2022, options were exercised to export 3,400 RB to Vietnam from the United States. The current outstanding balance of 15,400 RB is for Vietnam (12,900 RB) and Pakistan (2,500 RB).
Export for Own Account: For 2021/2022, new exports for own account totaling 18,500 MT were to China (9,300 RB), Indonesia (5,900 RB), and Vietnam (3,300 RB). Decreases of exports for own account totaling 200 RB were reported to Vietnam. The current exports for own account outstanding balance of 36,600 RB is for China (24,300 RB), Vietnam (6,400 RB), and Indonesia (5,900 RB).
(By Commoditiescontrol Bureau)
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