US Cotton net export sales for July 14-20 down noticeably w/w at 18,700 RB

MUMBAI, 27 July (Commoditiescontrol) : US cotton net sales were at 18,700 running bales (RB) for the week ended July 20 in the marketing year 2022/2023 starting August 1, down noticeably from the previous week and from the prior 4-week average.


US cotton net sales were at 67,100 RB for the week ended July 13.


Net sales were primarily for China (2,700 RB) and Vietnam (2,600 RB, including 700 RB switched from South Korea and decreases of 300 RB), were more than offset by reductions primarily for Turkey (19,800 RB), Pakistan (1,200 RB), El Salvador (1,100 RB), South Korea (700 RB), and Mexico (400 RB).


Net sales of 80,600 RB for 2023/2024 primarily for China (63,300 RB), Mexico (11,500 RB), Bangladesh (3,000 RB), Pakistan (2,600 RB), and Indonesia (2,200 RB), were offset by reductions for Turkey (5,300 RB) and Thailand (100 RB).


Exports of 197,800 RB were down 15 percent from the previous week and from the prior 4-week average. The destinations were primarily to China (96,400 RB), Turkey (15,300 RB), Vietnam (14,800 RB), Indonesia (13,900 RB), and Bangladesh (13,200 RB).


Total net sales of Pima totaling 300 RB for 2022/2023 were down 95 percent from the previous week and from the prior 4-week average. Increases were for India.


Net sales of 4,400 RB for 2023/2024 were primarily for China (2,200 RB), Hong Kong (900 RB), and India (800 RB). Exports of 2,100 RB were down 15 percent from the previous week and 64 percent from the prior 4-week average. The destinations were to Egypt (1,100 RB), India (600 RB), Japan (200 RB), and Colombia (200 RB).


Optional Origin Sales: For 2023/2024, the outstanding balance of 900 RB, all Pakistan.


Export for Own Account: For 2022/2023, exports for own account totaling 2,100 RB to Vietnam (1,100 RB) and China (1,000 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 88,000 RB are for China (65,700 RB), Vietnam (12,200 RB), Pakistan (5,000 RB), South Korea (2,400 RB),India (1,500 RB), and Turkey (1,200 RB).