Cotton: Net sales of 425,300 RB for 2022/2023--a marketing-year high--were up 96 percent from the previous week and 97 percent from the prior 4-week average. Increases primarily for Vietnam (131,200 RB, including 1,900 RB switched from South Korea and 1,200 RB switched from Japan), Pakistan (95,600 RB), Turkey (79,600 RB, including decreases of 6,800 RB), China (46,200 RB, including decreases of 18,100 RB), and Indonesia (19,200 RB, including 1,300 RB switched from China and 500 RB switched from Japan), were offset by reductions primarily for Colombia (1,300 RB). Net sales of 11,900 RB for 2023/2024 were reported for Turkey (6,600 RB), Thailand (4,000 RB), and Colombia (1,300 RB). Exports of 193,600 RB were up 4 percent from the previous week, but down 1 percent from the prior 4-week average. The destinations were primarily to Pakistan (54,300 RB), China (44,000 RB), Vietnam (28,200 RB), Mexico (17,100 RB), and Turkey (15,700 RB). Net sales of Pima totaling 1,400 RB for 2022/2023 were down 31 percent from the previous week and 30 percent from the prior 4-week average. Increases were reported for Pakistan (700 RB), Thailand (400 RB), Indonesia (200 RB), and Malaysia (100 RB). Exports of 3,900 RB were down 43 percent from the previous week and 31 percent from the prior 4-week average. The destinations were to China (2,200 RB), Vietnam (700 RB), India (400 RB), Pakistan (400 RB), and Bangladesh (200 RB).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 9,300 RB, all Malaysia.
Export for Own Account: For 2022/2023, new exports for own account totaling 18,800 RB were to China (8,900 RB), Vietnam (6,700 RB), and Turkey (3,100 RB). Exports for own account totaling 21,700 RB primarily to China (18,600 RB) and Turkey (2,300 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 97,000 RB are for China (56,100 RB), Vietnam (26,300 RB), Turkey (5,700 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and India (1,500 RB).
Source: USDA-FAS