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US Cotton Net Export Sales For Jan 10-16 Up 32% W/W At 307,800 RB

24 Jan 2020 7:16 pm
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NEW DELHI (Commoditiescontrol) - US net cotton sales were at 307,800 running bales (RB) for the week ended January 16 in the marketing year 2019/2020, up 32 percent from the previous week and 61 percent from the prior 4-week average.

US net cotton sales were at 232,900 RB for the week ended January 9.

Increases were primarily for Turkey (82,700 RB), Pakistan (72,200 RB), Vietnam (70,800 RB, including 1,300 RB switched from South Korea, 200 RB switched from Hong Kong, 100 RB switched from Japan, and decreases of 3,300 RB), Indonesia (33,600 RB, including 800 RB switched from Japan and decreases of 200 RB), and Egypt (17,600 RB), were offset by reductions for India (25,000 RB).

For 2020/2021, total net sales of 13,200 RB were for Vietnam.

Exports of 282,600 RB were down 6 percent from the previous week, but up 20 percent from the prior 4-week average.

Exports were primarily to Vietnam (80,500 RB), Pakistan (44,700 RB), China (41,400 RB), Turkey (29,000 RB), and Mexico (20,600 RB). Net sales of Pima totaling 20,200 RB were down 41 percent from the previous week, but up 9 percent from the prior 4-week average.

Increases were primarily for India (6,400 RB), China (6,000 RB, including decreases of 200 RB), Pakistan (2,400 RB), Bangladesh (2,400 RB), and Vietnam (900 RB).

Exports of 6,500 RB were down 16 percent from the previous week and 7 percent from the prior 4-week average. The primary destinations were Peru (1,600 RB), India (900 RB), Vietnam (900 RB), Pakistan (700 RB), and El Salvador (600 RB).

Exports for Own Account: For 2019/2020, new exports for own account totaling 10,100 RB were primarily to Vietnam (5,600 RB), South Korea (2,300 RB), and Bangladesh (1,400 RB).

Exports for own account totaling 14,200 RB to Vietnam were applied to new or outstanding sales. The current exports for own account outstanding balance of 27,400 RB is for Bangladesh (7,900 RB), India (7,800 RB), Vietnam (6,000 RB), China (2,500 RB), South Korea (2,300 RB), and Taiwan (900 RB).

(By Commoditiescontrol Bureau)


       
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