NEW DELHI, Mar 30 (Commoditiescontrol) : US cotton net sales were at 281,300 running bales (RB) for the week ended March 23 in the marketing year 2022/2023 starting August 1, down 9 percent from the previous week, but up 37 percent from the prior 4-week average.
US cotton net sales were at 310,200 RB for the week ended March 16.
Net sales were primarily for China (85,000 RB, including 2,100 RB switched from Singapore), Vietnam (78,200 RB, including 1,800 RB switched from South Korea), Bangladesh (38,300 RB, including decreases of 200 RB), Pakistan (24,900 RB, including decreases of 3,600 RB), and Turkey (19,000 RB), were offset by reductions primarily for Honduras (2,200 RB), Brazil (2,200 RB), Ecuador (2,200 RB), and Singapore (2,100 RB).
Net sales of 12,300 RB for 2023/2024 were reported for India (8,800 RB) and Pakistan (3,500 RB). Exports of 341,000 RB were up 25 percent from the previous week and 31 percent from the prior 4-week average. The destinations were primarily to Vietnam (97,200 RB), China (67,200 RB), Turkey (40,500 RB), Pakistan (32,500 RB), and Malaysia (13,400 RB).
Net sales of Pima totaling 10,100 RB for 2022/2023 were down 40 percent from the previous week, but up 37 percent from the prior 4-week average. Increases were primarily for Vietnam (4,200 RB, including 1,300 RB switched from China), India (2,300 RB), Pakistan (1,600 RB), Turkey (1,300 RB), and China (500 RB). Exports of 7,400 RB were up 4 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to Peru (2,900 RB), Egypt (1,300 RB), India (1,000 RB), China (900 RB), and Thailand (600 RB).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 7,300 RB, all Malaysia.
Export for Own Account: For 2022/2023, new exports for own account totaling 22,800 RB were to China (19,700 RB) and Vietnam (3,100 RB). Exports for own account totaling 13,300 RB to Vietnam (12,000 RB) and China (1,300 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 125,200 RB are for China (105,300 RB), Vietnam (7,300 RB), Pakistan (5,000 RB), Turkey (3,700 RB), South Korea (2,400 RB), and India (1,500 RB).
(By Commoditiescontrol Bureau)
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