NEW DELHI, June 29 (Commoditiescontrol) : US cotton net sales were at 125,600 running bales (RB) for the week ended June 22 in the marketing year 2022/2023 starting August 1, up noticeably from the previous week, but down 44 percent from the prior 4-week average.
US cotton net sales were at 42,700 RB for the week ended June 15.
Net sales were primarily for China (77,400 RB, including decreases of 4,400 RB), Vietnam (37,500 RB, including 400 RB switched from South Korea), Taiwan (4,400 RB), Pakistan (4,400 RB), and Bangladesh (4,400 RB), were offset by reductions for Turkey (10,100 RB), Guatemala (1,900 RB), and South Korea (400 RB).
Net sales of 158,700 RB for 2023/2024 primarily for El Salvador (72,200 RB), Honduras (30,800 RB), Turkey (19,600 RB), China (15,800 RB), and Bangladesh (13,900 RB), were offset by reductions for Vietnam (2,200 RB).
Exports of 225,200 RB were down 5 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to China (56,300 RB), Turkey (46,600 RB), Vietnam (44,700 RB), Pakistan (28,300 RB), and Indonesia (13,100 RB).
Net sales of Pima totaling 3,600 RB for 2022/2023 were up 74 percent from the previous week and 45 percent from the prior 4-week average. Increases reported for India (3,300 RB), Vietnam (500 RB switched from Hong Kong), Japan (200 RB), and Thailand (100 RB), were offset by reductions for Hong Kong (500 RB).
Total net sales of 100 RB for 2023/2024 were for Japan. Exports of 15,000 RB were up noticeably from the previous week and up 41 percent from the prior 4-week average. The destinations were primarily to India (12,300 RB), Egypt (1,500 RB), Thailand (600 RB), and Vietnam (500 RB).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 300 RB, all Malaysia.
Export for Own Account: For 2022/2023, 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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