NEW DELHI, Jan 20 (Commoditiescontrol): US cotton net sales were at 209,400 running bales (RB) for the week ended January 12 in the marketing year 2022/2023 starting August 1, up noticeably from the previous week and from the prior 4-week average.
US cotton net sales were at 72,600 RB for the week ended January 5.
Net sales were primarily for China (55,100 RB), Pakistan (43,600 RB, including decreases of 200 RB), Vietnam (42,500 RB, including 100 RB switched from China), Turkey (25,600 RB, including decreases of 17,200 RB), and South Korea (18,700 RB), were offset by reductions for Mexico (2,500 RB).
Net sales of 26,900 RB for 2023/2024 were primarily for Turkey (21,600 RB).
Exports of 183,100 RB were up 22 percent from the previous week and 48 percent from the prior 4-week average. The destinations were primarily to China (60,200 RB), Pakistan (46,100 RB), Mexico (13,500 RB), Vietnam (12,600 RB), and Indonesia (7,000 RB).
Net sales of Pima totaling 2,500 RB for 2022/2023 were down 24 percent from the previous week, but up 6 percent from the prior 4-week average. Increases were primarily for Vietnam (1,300 RB), Taiwan (400 RB), South Korea (300 RB), Bangladesh (200 RB), and Bahrain (100 RB).
Exports of 6,300 RB were unchanged from the previous week, but up 14 percent from the prior 4-week average. The destinations were primarily to India (4,100 RB), Vietnam (900 RB), Turkey (400 RB), Japan (300 RB), and Peru (200 RB).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 9,300 RB, all Malaysia.
Export for Own Account: For 2022/2023, new exports for own account totaling 1,900 RB were to China. The current exports for own account outstanding balance of 122,300 RB are for China (92,000 RB), Vietnam (21,900 RB), Pakistan (6,500 RB), India (1,500 RB), and Indonesia (400 RB).
(By Commoditiescontrol Bureau)
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