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US Cotton Net Export Sales for Jan 14-20 up 43% W/W at 391,300 RB

27 Jan 2022 7:16 pm
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NEW DELHI, Jan 27 (Commoditiescontrol) - US net cotton sales were at 391,300 running bales (RB) for the week ended January 20 in the marketing year 2021/2022 starting August 1, up 43 percent from the previous week and 55 percent from the prior 4-week average.

US net cotton sales were at 273,000 RB for the week ended January 13.

Increases were primarily for Vietnam (132,900 RB, including 600 RB switched from South Korea and 400 RB switched from Japan), India (62,400 RB, including decreases of 3,500 RB), China (58,200 RB, including 8,400 RB switched from unknown destinations and decreases of 2,200 RB), Bangladesh (39,400 RB), and Pakistan (37,300 RB), were offset by reductions for unknown destinations (8,400 RB).

Net sales of 106,800 RB for 2022/2023 were primarily for Indonesia (33,900 RB), Pakistan (22,900 RB), Guatemala (14,000 RB), Turkey (13,600 RB), and Honduras (9,700 RB).

Exports of 197,900 RB were unchanged from the previous week, but up 25 percent from the prior 4-week average.

The destinations were primarily to China (64,200 RB), Turkey (23,800 RB), Vietnam (23,300 RB), Pakistan (20,300 RB), and Mexico (15,700 RB).

Net sales of Pima totaling 3,600 RB were down 5 percent from the previous week and 19 percent from the prior 4-week average.

Increases were reported for India (1,700 RB), Vietnam (800 RB), China (800 RB), Japan (200 RB), and Mexico (100 RB).

Exports of 4,300 RB were down 43 percent from the previous week and 44 percent from the prior 4-week average.

The destinations were primarily to India (1,700 RB), Peru (1,300 RB), China (700 RB), and Egypt (400 RB).

Optional Origin Sales: For 2021/2022, the current outstanding balance of 61,600 RB is for Vietnam (52,800 RB) and Pakistan (8,800 RB).

Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance is 100 RB, all Vietnam.


(By Commoditiescontrol Bureau)


       
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