NEW DELHI, Mar 16 (Commoditiescontrol) : US cotton net sales were at 225,500 running bales (RB) for the week ended March 9 in the marketing year 2022/2023 starting August 1, up 97 percent from the previous week, but down 3 percent from the prior 4-week average.
US cotton net sales were at 114,500 RB for the week ended March 2.
Net sales were primarily for Vietnam (120,200 RB, including 8,400 RB switched from China and 1,000 RB switched from South Korea), China (35,800 RB), Turkey (16,900 RB, including decreases of 3,200 RB), Pakistan (10,400 RB, including decreases of 5,300 RB), and South Korea (10,100 RB, including decreases of 100 RB). Net sales of 12,800 RB for 2023/2024 were reported for Turkey (4,400 RB), Pakistan (4,400 RB), and South Korea (4,000 RB).
Exports of 273,900 RB were down 5 percent from the previous week, but up 25 percent from the prior 4-week average. The destinations were primarily to Vietnam (78,000 RB), China (51,800 RB), Pakistan (38,200 RB), Turkey (29,900 RB), and Indonesia (13,700 RB).
Net sales of Pima totaling 7,600 RB for 2022/2023--a marketing-year high--were up 99 percent from the previous week and up noticeably from the prior 4-week average. Increases primarily for China (2,900 RB), Vietnam (2,400 RB), Egypt (1,300 RB), Thailand (800 RB, including 200 RB switched from Japan), and Turkey (400 RB), were offset by reductions for Japan (400 RB).
Exports of 1,500 RB were down 49 percent from the previous week and 64 percent from the prior 4-week average. The destinations were primarily to Thailand (600 RB), Bangladesh (300 RB), China (300 RB), and Indonesia (200 RB).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 7,300 RB, all Malaysia.
Exports for Own Account: For 2022/2023, new exports for own account totaling 26,600 RB were to Vietnam (16,400 RB) and China (10,200 RB). Exports for own account totaling 39,700 RB primarily to Vietnam (36,700 RB) were applied to new or outstanding sales.
The current exports for own account outstanding balance of 100,800 RB are for China (74,400 RB), Vietnam (14,000 RB), Pakistan (5,000 RB), Turkey (3,500 RB), South Korea (2,400 RB), and India (1,500 RB).
(By Commoditiescontrol Bureau)
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