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US Cotton Net Export Sales for May 6-12 up 303% W/W at 110,900 RB

19 May 2022 6:27 pm
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NEW DELHI, May 19 (Commoditiescontrol) - US net cotton sales were at 110,900 running bales (RB) for the week ended May 12 in the marketing year 2021/2022 starting August 1, up 303 percent from the previous week and 3 percent from the prior 4-week average.

US net cotton sales were at 27,500 RB for the week ended May 5.

Increases were primarily for India (34,100 RB), Vietnam (31,100 RB, including 1,800 RB switched from China, 700 RB switched from South Korea, 500 RB switched from Japan, and decreases of 1,900 RB), Turkey (18,400 RB, including decreases of 6,600 RB), China (11,700 RB, including decreases of 2,400 RB), and Bangladesh (10,600 RB), were offset by reductions for Thailand (4,100 RB), Pakistan (1,200 RB), and South Korea (300 RB).

Net sales of 25,400 RB for 2022/2023 were reported for India (13,200 RB), Peru (4,600 RB), Guatemala (4,000 RB), Mexico (2,700 RB), and Costa Rica (900 RB).

Exports of 343,200 RB were down 6 percent from the previous week and 11 percent from the prior 4-week average. The destinations were primarily to China (101,600 RB), Vietnam (56,000 RB), Turkey (41,200 RB), Pakistan (38,600 RB), and Bangladesh (19,200 RB).

Net sales of Pima totaling 2,300 RB were up 10 percent from the previous week, but down 59 percent from the prior 4-week average. Increases were reported for China (1,300 RB), Taiwan (500 RB), Pakistan (400 RB), and Germany (100 RB).

Net sales of 2,700 RB for 2022/2023 were reported for Peru (1,900 RB), Turkey (400 RB), and India (400 RB). Exports of 10,300 RB were up 25 percent from the previous week, but down 15 percent from the prior 4-week average. The destinations were primarily to India (6,900 RB), Peru (1,700 RB), Pakistan (900 RB), Bangladesh (400 RB), and Japan (300 RB).

Optional Origin Sales: For 2021/2022, options were exercised to export 11,000 RB to Vietnam from the United States. The current outstanding balance of 45,000 RB is for Vietnam (41,800 RB) and Pakistan (3,200 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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