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US Cotton Net Export Sales for July 29-Aug 4 at 102,400 RB, hits marketing-year low

11 Aug 2022 8:13 pm
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NEW DELHI, Aug 11 (Commoditiescontrol) : US cotton net sales were at 102,400 running bales (RB) for the week ended August 4 in the marketing year 2022/2023 starting August 1.

US cotton net sales reductions were at 112, 400 RB for the week ended July 28.

Increases were primarily for Vietnam (36,200 RB, including 2,200 RB switched from China and 1,400 RB switched from Japan), Honduras (24,300 RB), India (16,500 RB), China (9,100 RB), and Pakistan (6,400 RB, including decreases of 500 RB), were offset by reductions for Japan (1,800 RB) and El Salvador (400 RB). For 2023/2024, net sales of 38,400 MT were reported for Honduras (26,300 RB), Pakistan (11,000 RB), and Mexico (1,100 RB).

A total of 2,387,800 RB in sales were carried over from the 2021/2022 marketing year, which ended July 31. Exports for the period ending July 31 of 114,200 RB brought accumulated exports to 13,179,100 RB, down 11 percent from the prior years’ total of 14,882,100 RB.

The destinations were primarily Turkey (20,600 RB), Pakistan (19,400 RB), China (19,100 RB), Vietnam (11,100 RB), and Bangladesh (9,100 RB).

Exports for August 1-4 totaled 181,300 RB, with China (53,800 RB), Vietnam (37,300 RB), Turkey (23,900 RB), Mexico (13,600 RB), and Bangladesh (13,500 RB) being the primary destinations.

Net sales of Pima for 2022/2023 totaled 100 RB. Increases were reported for Japan. For 2022/2023, net sales of 30,500 RB were primarily for India (12,500 RB), Thailand (4,000 RB), China (3,900 RB), Pakistan (2,200 RB), and Turkey (2,100 RB). A total of 30,400 RB in sales were carried over from the 2021/2022 marketing year, which ended July 31.

Exports for the period ending July 31 of 500 RB brought accumulated exports to 448,300 RB, down 41 percent from the prior years’ total of 754,900 RB. The destinations were Thailand (400 RB) and Honduras (100 RB). Exports for August 1-4 totaled 4,700 RB, with China (2,000 RB), Pakistan (1,700 RB), and India (1,000 RB) being the primary destinations.

Exports for Own Account: For 2022/2023, exports for own account totaling 10,500 RB were carried over from the 2020/2021 marketing year, which ended July 31. The current outstanding balance of 72,600 RB, including carryover, is for China (36,200 RB), Vietnam (22,200 RB), Turkey (10,600 RB), Indonesia (1,800 RB), India (1,500 RB), and Pakistan (300 RB).

(By Commoditiescontrol Bureau)


       
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