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US Cotton Net Export Sales For June 28-July 4 Down 62% W/W At 53,400 RB

11 Jul 2019 6:28 pm
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NEW DELHI (Commoditiescontrol) - US net cotton sales were at 53,400 RB for the week ended July 4 in the marketing year 2018/2019, down 62 percent from the previous week, but up 26 percent from the prior 4-week average.

US net cotton sales were at 141,500 RB for the week ended June 27. 

Increases were primarily for Vietnam (36,100 RB, including decreases of 2,200 RB), Turkey (12,900 RB), Indonesia (8,400 RB), and India (6,700 RB).

Reductions were primarily for China (10,000 RB), Japan (2,000 RB), and Thailand (1,100 RB). 

For 2019/2020, net sales of 38,400 RB were primarily for Indonesia (9,200 RB), Taiwan (8,700 RB), Vietnam (6,500 RB), South Korea (3,500 RB), and Thailand (3,400 RB).

Exports of 333,200 RB were down 2 percent from the previous week and 1 percent from the prior 4-week average. 

Exports were primarily to India (79,100 RB), Vietnam (69,000 RB), Turkey (59,100 RB), Bangladesh (26,300 RB), and China (17,900 RB). 

Net sales of Pima totaling 700 RB resulting in increases primarily for China (2,200 RB, switched from Hong Kong), Pakistan (600 MT), and Austria (400 RB, switched from Switzerland), were partially offset by reductions for Hong Kong (2,200 RB), Switzerland (400 RB), and India (100 RB).

For 2019/2020, net sales of 2,800 RB were reported for Turkey (2,200 RB), Bangladesh (400 RB), and India (200 RB). 

Exports of 10,800 RB were down 34 percent from the previous week and 40 percent from the prior 4-week average. 

The destinations were primarily to China (6,800 RB), Turkey (2,200 RB), Bangladesh (500 RB), Egypt (400 RB), and Austria (400 RB).

Exports for Own account:  For 2018/2019, new exports for own account totaling 2,100 RB were to India. 

Exports for own account totaling 4,300 RB to India (2,100 RB), Vietnam (1,300 RB), and South Korea (900 RB) were applied to new or outstanding sales. 

Decreases totaling 2,100 RB were reported for Indonesia. 

The current exports for own account outstanding balance of 14,900 RB is for Indonesia (10,200 RB), China (2,300 RB), South Korea (1,200 RB), Taiwan (500 RB), India (400 RB), and Thailand (300 RB).

(By Commoditiescontrol Bureau)


       
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