US Cotton net sales reductions for July 21-27 at 9,900 RB, down 47 percent W/W

NEW DELHI, Aug 3 : US cotton net sales reductions were at 9,900 running bales (RB) for the week ended July 27 in the marketing year 2022/2023 starting August 1, down 47 percent from the previous week and down noticeably from the prior 4-week average.


US cotton net sales were at 18,700 RB for the week ended July 20.


Increases were primarily for Japan (1,100 RB, including decreases of 200 RB), Honduras (500 RB), Vietnam (400 RB), Mexico (100 RB), and Indonesia (100 RB switched from Japan), were more than offset by reductions for China (6,000 RB), Pakistan (3,700 RB), Turkey (2,200 RB), and Taiwan (300 RB).


Net sales of 33,900 RB for 2023/2024 primarily for China (18,300 RB), Mexico (17,200 RB), Turkey (9,600 RB), Vietnam (6,200 RB), and Taiwan (4,100 RB), were offset by reductions for Pakistan (22,600 RB), Thailand (1,800 RB), Honduras (400 RB), and Guatemala (200 RB).


Exports of 194,600 RB were down 2 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to China (88,000 RB), Turkey (31,300 RB), Pakistan (17,200 RB), Bangladesh (13,800 RB), and Mexico (13,000 RB).


No net sales were reported for 2022/2023. Net sales of Pima totaling 1,700 RB for 2023/2024 reported for India (700 RB), Italy (600 RB), Vietnam (400 RB), and El Salvador (100 RB), were offset by reductions for Hong Kong (100 RB).


Exports of 1,200 RB were down 41 percent from the previous week and 52 percent from the prior 4-week average. The destinations were primarily to India (400 RB), Pakistan (300 RB), and Bangladesh (300 RB).


Optional Origin Sales: For 2023/2024, the outstanding balance of 900 RB, all Pakistan.


Export for Own Account: For 2022/2023, exports for own account totaling 400 RB to Vietnam were applied to new or outstanding sales. The current exports for own account outstanding balance of 87,500 RB are for China (65,700 RB), Vietnam (11,700 RB), Pakistan (5,000 RB), South Korea (2,400 RB), India (1,500 RB), and Turkey (1,200 RB).

(By Commoditiescontrol Bureau: +91-9820130172)