NEW DELHI, Apr 13 : US cotton net sales were at 143,200 running bales (RB) for the week ended April 6 in the marketing year 2022/2023 starting August 1, down 11 percent from the previous week and 41 percent from the prior 4-week average.
US cotton net sales were at 160,500 RB for the week ended March 30.
Net sales were primarily for China (22,300 RB, including 1,500 RB switched from Indonesia and 100 RB switched from Singapore), Turkey (18,700 RB), India (17,700 RB), El Salvador (15,100 RB), and Bangladesh (13,700 RB), were offset by reductions for Singapore (200 RB).
Net sales of 11,100 RB for 2023/2024 were reported for Turkey (8,800 RB) and Pakistan (2,300 RB). Exports of 334,600 RB were up 34 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to Vietnam (77,600 RB), China (68,100 RB), Pakistan (51,000 RB), Turkey (47,600 RB), and Indonesia (20,600 RB).
Net sales of Pima totaling 32,300 RB for 2022/2023--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Increases were primarily for China (20,400 RB), India (6,000 RB, including decreases of 300 RB), Pakistan (3,900 RB), Vietnam (1,000 RB), and Turkey (400 RB). Exports of 8,900 RB--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. The destinations were primarily to China (6,200 RB), Pakistan (1,200 RB), India (500 RB), Thailand (400 RB), and Indonesia (300 RB).
Optional Origin Sales: For 2022/2023, options were exercised to export 1,000 RB to Malaysia from the United States. The current outstanding balance of 5,800 RB, all Malaysia.
Export for Own Account: For 2022/2023, new exports for own account totaling 18,500 RB were to China (10,600 RB) and Vietnam (7,900 RB). Exports for own account totaling 5,200 RB primarily to Vietnam (4,100 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 135,400 RB are for China (114,200 RB), Vietnam (11,100 RB), Pakistan (5,000 RB), South Korea (2,400 RB), India (1,500 RB), and Turkey (1,200 RB).
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