NEW DELHI, Apr 27 (Commoditiescontrol) : US cotton net sales were at 194,900 running bales (RB) for the week ended April 20 in the marketing year 2022/2023 starting August 1, up noticeably from the previous week and up 21 percent from the prior 4-week average.
US cotton net sales were at 62,100 RB for the week ended April 13.
Net sales were primarily for Turkey (63,300 RB, including 10,300 RB - late), China (45,200 RB, including 3,400 RB switched from Singapore and 15,800 RB - late), Vietnam (35,500 RB, including 1,000 RB switched from South Korea, 100 RB switched from Taiwan, 100 RB switched from Japan, and 15,100 RB - late), Taiwan (18,400 RB, including 13,900 RB - late), and Pakistan (11,800 RB, including decreases of 900 RB and 3,900 RB - late), were offset by reductions for Singapore (3,400 RB), South Korea (3,300 RB), and Peru (1,800 RB).
Net sales of 19,100 RB for 2023/2024 were reported for South Korea (13,200 RB), Vietnam (4,400 RB), and Pakistan (1,500 RB). Exports of 398,400 RB were up 38 percent from the previous week and 31 percent from the prior 4-week average. The destinations were primarily to China (104,900 RB, including 15,800 RB - late), Vietnam (98,000 RB, including 15,100 RB - late), Turkey (59,400 RB, including 10,300 RB - late), Pakistan (26,400 RB, including 3,900 RB - late), and Taiwan (19,700 RB, including 13,900 RB - late).
Net sales of Pima totaling 16,700 RB for 2022/2023 were down 34 percent from the previous week and 13 percent from the prior 4-week average. Increases were primarily for India (9,700 RB), Vietnam (3,200 RB, including 1,300 RB switched from China and 100 RB switched from Japan), China (1,500 RB), Hong Kong (1,300 RB), and Pakistan (400 RB).
Exports of 20,600 RB--a marketing-year high--were up 23 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to China (10,200 RB), India (6,500 RB), Vietnam (1,900 RB), Pakistan (700 RB), and Turkey (300 RB).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 5,800 RB, all Malaysia.
Export for Own Account: For 2022/2023, new exports for own account totaling 7,700 RB were to Vietnam (6,300 RB) and China (1,400 RB). Exports for own account totaling 3,800 RB primarily to China (2,900 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 142,100 RB are for China (116,100 RB), Vietnam (15,900 RB), Pakistan (5,000 RB), South Korea (2,400 RB), India (1,500 RB), and Turkey (1,200 RB).
Late Reporting: For 2022/2023, net sales and exports totaling 66,103 RB of upland cotton were reported late. The destinations were China (15,840 RB), Vietnam (15,053 RB), Taiwan (13,906 RB), Turkey (10,300 RB), Pakistan (3,876 RB), Malaysia (3,785 RB), and Thailand (3,343 RB).
(By Commoditiescontrol Bureau)
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