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US Cotton Net Export Sales reductions for July 22-28 at 112, 400 RB, hit marketing-year low

4 Aug 2022 6:23 pm
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NEW DELHI, Aug 4 (Commoditiescontrol): US cotton net sales reductions were at 112,400 running bales (RB) for the week ended July 28, 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 reductions were at 4,000 RB for the week ended July 21.

Net sales reductions were primarily for Ecuador (1,200 RB, including decreases of 100 RB), Honduras (800 RB, including decreases of 100 RB), Japan (500 RB, including decreases of 300 RB), Turkey (400 RB, including decreases of 100 RB), and Thailand (200 RB switched from Japan), were more than offset by reductions primarily for China (95,000 RB), Vietnam (15,400 RB), Bangladesh (1,700 RB), Indonesia (900 RB), and South Korea (800 RB).

Net sales of 71,400 RB for 2022/2023 primarily for Vietnam (40,400 RB), Pakistan (24,700 RB), Indonesia (9,900 RB), India (4,800 RB), and Thailand (2,200 RB), were offset by reductions for Malaysia (7,000 RB), Mexico (1,700 RB), Honduras (1,600 RB), Ecuador (1,300 RB), and Japan (100 RB).

Exports of 279,700 RB were up 11 percent from the previous week, but down 12 percent from the prior 4-week average. The destinations were primarily to India (45,600 RB), Turkey (44,200 RB), Vietnam (42,100 RB), China (36,500 RB), and Pakistan (22,800 RB). Total net sales of 100 RB of Pima for 2021/2022 were for China. Net sales of 4,500 RB for 2022/2023 were reported for Vietnam (2,500 RB), Indonesia (1,600 RB), and India (400 RB).

Exports of 2,600 RB were down 19 percent from the previous week and 56 percent from the prior 4-week average. The destinations were primarily to China (1,400 RB), India (500 RB), Pakistan (400 RB), and South Korea (200 RB).

Optional Origin Sales: For 2021/2022, new optional origin sales of 9,300 MT were reported for Malaysia. Options were exercised to export 1,900 RB to Vietnam (1,500 RB) and Pakistan (400 RB) from the United States. The current outstanding balance of 11,400 RB is for Malaysia (9,300 RB) and Pakistan (2,100 RB).

Export for Own Account: For 2021/2022, new exports for own account totaling 300 RB were reported for Vietnam. Exports for own account totaling 3,400 RB primarily to Indonesia (3,100 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 62,300 RB is for China (33,700 RB), Vietnam (26,500 RB), Indonesia (1,800 RB), and Pakistan (300 RB).

(By Commoditiescontrol Bureau)


       
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