NEW DELHI, May 26 (Commoditiescontrol) - US net cotton sales were at 37,000 running bales (RB) for the week ended May 19 in the marketing year 2021/2022 starting August 1, down 67 percent from the previous week and 70 percent from the prior 4-week average.
US net cotton sales were at 110,900 RB for the week ended May 12.
Increases were primarily for for India (21,200 RB, including 1,800 RB switched from Honduras and decreases of 200 RB), Vietnam (9,800 RB, including 4,100 RB switched from Nicaragua, 1,700 RB switched from Japan, 1,100 RB switched from South Korea, and decreases of 1,800 RB), China (6,300 RB), Bangladesh (4,200 RB, including 1,800 RB switched from Turkey), and Pakistan (2,000 RB, including decreases of 1,100 RB), were offset by reductions primarily for Nicaragua (4,400 RB), Honduras (1,800 RB), Turkey (1,300 RB), Thailand (1,100 RB), and South Korea (1,100 RB).
Net sales of 95,400 RB for 2022/2023 primarily for El Salvador (22,300 RB), Turkey (19,800 RB), Pakistan (19,100 RB), Guatemala (10,600 RB), and Peru (9,600 RB), were offset by reductions for Costa Rica (1,100 RB). Exports of 318,500 RB were down 7 percent from the previous week and 16 percent from the prior 4-week average.
The destinations were primarily to China (90,100 RB), Turkey (50,300 RB), Vietnam (49,500 RB), Pakistan (46,600 RB), and India (18,600 RB).
Net sales of Pima totaling 4,100 RB were up 80 percent from the previous week, but down 20 percent from the prior 4-week average. Increases were primarily for India (3,000 RB, including decreases of 100 RB), Pakistan (500 RB), and Taiwan (400 RB). Total net sales of 1,300 RB for 2022/2023 were reported for India. Exports of 5,500 RB were down 47 percent from the previous week and 50 percent from the prior 4-week average. The destinations were primarily to India (1,100 RB), Pakistan (1,100 RB), Austria (1,000 RB), China (1,000 RB), and Indonesia (500 RB).
Optional Origin Sales: For 2021/2022, options were exercised to export 4,400 RB to Vietnam from the United States. The current outstanding balance of 40,600 RB is for Vietnam (37,400 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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