NEW DELHI, Dec 2 (Commoditiescontrol) - US net cotton sales were at 374,900 running bales (RB) for the week ended November 25 in the marketing year 2021/2022 starting August 1, up 90 percent from the previous week and up noticeably from the prior 4-week average.
US net cotton sales were at 196,900 RB for the week ended November 18.
Increases were primarily for Vietnam (147,100 RB, including 1,600 RB switched from China, 200 RB switched from Japan, and decreases of 200 RB), China (123,600 RB), Turkey (55,000 RB), Pakistan (36,600 RB), and South Korea (2,300 RB, including 1,800 RB switched from Vietnam), were offset by reductions for Malaysia (200 RB).
Exports of 71,400 RB were down 27 percent from the previous week and 29 percent from the prior 4-week average.
The destinations were primarily to China (23,700 RB), Mexico (14,800 RB), Vietnam (9,000 RB), Turkey (6,000 RB), and Pakistan (5,800 RB).
Net sales of Pima totaling 6,400 RB--a marketing-year low--were down 65 percent from the previous week and 67 percent from the prior 4-week average. Increases primarily for China (2,600 RB), Thailand (1,300 RB), India (1,000 RB), Vietnam (900 RB), and Egypt (400 RB), were offset by reductions for Bangladesh (900 RB).
Exports of 2,300 RB were down 63 percent from the previous week and 69 percent from the prior 4-week average. The destinations were to India (1,000 RB), Turkey (400 RB), Pakistan (400 RB), Thailand (400 RB), and Peru (100 RB).
Optional Origin Sales: For 2021/2022, the current outstanding balance of 8,800 RB is for Pakistan.
Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance of 100 RB is for Vietnam.
(By Commoditiescontrol Bureau)
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