NEW DELHI, June 23 (Commoditiescontrol) : US cotton net sales were at 42,700 running bales (RB) for the week ended June 8 in the marketing year 2022/2023 starting August 1, down 57 percent from the previous week and 83 percent from the prior 4-week average.
US cotton net sales were at 98,900 RB for the week ended June 15.
Net sales were primarily for Bangladesh (35,400 RB), China (33,600 RB), Taiwan (6,900 RB), Egypt (2,200 RB), and Malaysia (1,900 RB), were offset by reductions primarily for Turkey (20,300 RB), Pakistan (15,500 RB), and Vietnam (4,300 RB).
Net sales of 187,600 RB for 2023/2024 were primarily for China (137,300 RB), Turkey (24,400 RB), Honduras (10,900 RB), Singapore (4,400 RB), and Nicaragua (4,200 RB).
Exports of 236,800 RB were down 3 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to China (53,500 RB), Vietnam (43,300 RB), Pakistan (43,100 RB), Turkey (28,100 RB), and Mexico (11,600 RB).
Net sales of Pima totaling 2,000 RB for 2022/2023 were up 2 percent from the previous week, but down 26 percent from the prior 4-week average. Increases reported for Egypt (1,100 RB), Thailand (900 RB), and Vietnam (200 RB switched from Hong Kong), were offset by reductions for Hong Kong (200 RB).
Exports of 4,100 RB were up noticeably from the previous week, but down 68 percent from the prior 4-week average. The destinations were to India (2,600 RB), Peru (900 RB), and Vietnam (600 RB).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 300 RB, all Malaysia.
Export for Own Account: For 2022/2023, decreases of 2,700 RB were for China. The current exports for own account outstanding balance of 96,300 RB are for China (66,900 RB), Vietnam (19,300 RB), Pakistan (5,000 RB), South Korea (2,400 RB), India (1,500 RB), and Turkey (1,200 RB).
(By Commoditiescontrol Bureau)
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