Cotton: Net sales of 170,600 RB for 2022/2023 were down 60 percent from the previous week and 37 percent from the prior 4-week average. Increases primarily for China (81,600 RB), Vietnam (78,900 RB, including 900 RB switched from China and 100 RB switched from Japan), India (18,400 RB), Turkey (15,200 RB), and South Korea (7,900 RB), were offset by reductions for Pakistan (48,000 RB) and Thailand (6,300 RB). Net sales of 97,200 RB for 2023/2024 were reported for Pakistan (88,000 RB), Thailand (7,000 RB), and Indonesia (2,200 RB). Exports of 207,700 RB were up 7 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to Vietnam (50,300 RB), Pakistan (40,900 RB), China (23,200 RB), Turkey (17,600 RB), and Mexico (13,000 RB). Net sales of Pima totaling 1,200 RB for 2022/2023 were down 14 percent from the previous week, but up 23 percent from the prior 4-week average. Increases primarily for China (900 RB switched from Vietnam), Colombia (500 RB), Thailand (300 RB), Turkey (100 RB, including decreases of 200 RB), and Indonesia (100 RB), were offset by reductions for Vietnam (900 RB). Exports of 3,000 RB were down 25 percent from the previous week and 52 percent from the prior 4-week average. The destinations were to Egypt (900 RB), China (900 RB), India (400 RB), Pakistan (400 RB), and Guatemala (100 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 26,600 RB were to China (13,800 RB) and Vietnam (12,800 RB). Exports for own account totaling 3,500 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 120,100 RB are for China (66,400 RB), Vietnam (39,100 RB), Turkey (5,700 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and India (1,500 RB).
Source: USDA-FAS