NEW DELHI, Oct 27: US cotton net sales were at 68,400 running bales (RB) for the week ended October 20 in the marketing year 2022/2023 starting August 1, down 19 percent from the previous week.
US cotton net sales were at 84,500 RB for the week ended October 13.
Increases were primarily for Pakistan (53,200 RB, including decreases of 700 RB), Vietnam (36,200 RB, including 20,700 RB switched from China and 200 RB switched from South Korea), Taiwan (14,500 RB, including 8,800 RB switched from China), Turkey (9,500 RB, including decreases of 1,300 RB), and Ecuador (3,800 RB, including decreases of 100 RB), were offset by reductions primarily for China (49,900 RB) and Indonesia (8,000 RB).
Net sales of 7,100 RB for 2023/2024 were reported for Pakistan (6,600 RB) and Japan (500 RB). Exports of 177,600 RB were primarily to China (85,000 RB), Mexico (21,200 RB), Pakistan (19,100 RB), Turkey (13,200 RB), and Vietnam (11,800 RB).
Net sales reductions of Pima totaling 700 RB resulting in increases for Vietnam (900 RB), Bangladesh (100 RB), and Honduras (100 RB switched from Mexico), were more than offset by reductions for China (1,600 RB), India (100 RB), and Mexico (100 RB).
Exports of 1,700 RB were primarily to Turkey (500 RB), India (300 RB), China (300 RB), South Korea (300 RB), and Pakistan (200 RB).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 9,300 RB is for Malaysia.
Export for Own Account: For 2022/2023, the current exports for own account outstanding balance of 63,900 RB is for China (37,600 RB), Vietnam (23,900 RB), India (1,500 RB), Pakistan (500 RB), and Indonesia (400 RB).
(By Commoditiescontrol Bureau)
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