NEW DELHI, July 28 (Commoditiescontrol) - US cotton net sales reductions were at 4,000 running bales (RB) for the week ended July 21, lowest in the marketing year 2021/2022 starting August 1, down noticeably from the previous week and from the prior 4-week average.
US cotton net sales were at 54,100 RB for the week ended July 14.
Increases were primarily for Vietnam (6,400 RB, including 2,200 RB switched from South Korea and decreases of 200 RB), Ecuador (700 RB, including decreases of 100 RB), Japan (400 RB, including decreases of 500 RB), Mexico (200 RB, including decreases of 200 RB), and Honduras (200 RB), were more than offset by reductions primarily for Turkey (6,000 RB), China (2,900 RB), South Korea (1,600 RB), Germany (500 RB), and Indonesia (300 RB). Net sales of 55,700 RB for 2022/2023 were primarily for Vietnam (26,000 RB), Turkey (8,800 RB), Malaysia (6,600 RB), Bangladesh (4,000 RB), and Pakistan (3,100 RB).
Exports of 252,900 RB were down 24 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to China (70,000 RB), Vietnam (45,000 RB), India (27,200 RB), Bangladesh (23,200 RB), and Pakistan (21,400 RB).
No net sales of Pima for 2021/2022 were reported for the week. Net sales of 4,900 RB for 2022/2023 were primarily for India (4,400 RB) and South Korea (500 RB).
Exports of 3,200 RB were down 41 percent from the previous week and 52 percent from the prior 4-week average. The destinations were primarily to China (1,400 RB), India (600 RB), Taiwan (400 RB), Turkey (400 RB) and Peru (100 RB).
Optional Origin Sales: For 2021/2022, options were exercised to export 5,000 RB to Vietnam from the United States. The current outstanding balance of 4,000 RB is for Pakistan (2,500 RB) and Vietnam (1,500 RB).
Export for Own Account: For 2021/2022, new exports for own account totaling 7,000 RB were to Vietnam (5,900 RB) and China (1,100 RB). The current exports for own account outstanding balance of 65,300 RB is for China (33,700 RB), Vietnam (26,500 RB), Indonesia (4,800 RB), and Pakistan (300 RB).
(By Commoditiescontrol Bureau)
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