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US Cotton Net Export Sales for June 17-23 up 197% W/W at 48,100 RB

30 Jun 2022 6:32 pm
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NEW DELHI, June 30 (Commoditiescontrol) - US cotton net sales climbed by 48,100 running bales (RB) for the week ended June 23 in the marketing year 2021/2022 starting August 1, up 197 percent from the previous week, but down 71 percent from the prior 4-week average.

US cotton net sales had increased by 16,200 RB for the week ended June 16.

Increases were primarily for Vietnam (33,900 RB, including 11,900 RB switched from China and 2,200 RB switched from South Korea), China (25,400 RB, including decreases of 9,700 RB), Mexico (3,500 RB, including decreases of 100 RB), Peru (1,800 RB), and Japan (1,600 RB, including decreases of 200 RB), were offset by reductions primarily for India (6,600 RB), Colombia (5,300 RB), Turkey (3,600 RB), South Korea (2,100 RB), and Bangladesh (1,100 RB).

Net sales of 46,300 RB for 2022/2023 were primarily for Turkey (25,500 RB), Portugal (8,800 RB), Mexico (3,700 RB), Japan (3,500 RB), and Indonesia (2,600 RB).

Exports of 364,400 RB were down 2 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to China (102,600 RB), Turkey (70,800 RB), Vietnam (43,000 RB), Pakistan (29,800 RB), and India (26,500 RB).

Net sales of Pima totaling 800 RB were down 39 percent from the previous week, but up 4 percent from the prior 4-week average.

Increases were primarily for Thailand (400 RB). Total net sales of 500 RB for 2022/2023 were for Peru. Exports of 6,400 RB were up 14 percent from the previous week, but down 33 percent from the prior 4-week average. The destinations were primarily to India (2,200 RB), Vietnam (1,000 RB), Pakistan (800 RB), Peru (600 RB), and China (400 RB).

Optional Origin Sales: For 2021/2022, options were exercised to export 500 RB to Vietnam from the United States. The current outstanding balance of 14,900 RB is for Vietnam (12,400 RB) and Pakistan (2,500 RB).

Export for Own Account: For 2021/2022, new exports for own account totaling 3,200 RB were to China (2,400 RB) and Vietnam (700 RB). Exports for own account totaling 1,100 RB to China (1,000 RB) and Vietnam (100 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 38,700 RB is for China (25,700 RB), Vietnam (7,100 RB), and Indonesia (5,900 RB).

(By Commoditiescontrol Bureau)


       
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