Cotton: Net sales of 216,900 RB for 2022/2023 were down 18 percent from the previous week, but up 1 percent from the prior 4-week average. Increases primarily for Vietnam (67,700 RB, including 3,100 RB switched for China and 1,100 RB switched from South Korea), China (61,600 RB, including 8,800 RB switched from Vietnam), Pakistan (23,200 RB), Bangladesh (17,000 RB), and South Korea (15,500 RB, including 4,900 RB switched from Vietnam and decreases of 1,800 RB), were offset by reductions for Peru (1,000 RB) and Ecuador (200 RB). Net sales of 23,900 RB for 2023/2024 were reported for Portugal (22,000 RB) and Thailand (1,900 RB). Exports of 186,400 RB were down 11 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Pakistan (47,900 RB), China (45,900 RB), Vietnam (19,200 RB), Turkey (15,800 RB), and Mexico (11,100 RB). Net sales of Pima totaling 2,000 RB for 2022/2023 were up 54 percent from the previous week, but down 5 percent from the prior 4-week average. Increases reported for Vietnam (900 RB), China (900 RB), Pakistan (400 RB), and Thailand (400 RB), were offset by reductions for Italy (600 RB). Exports of 6,900 RB were up 19 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to Vietnam (2,800 RB), India (2,600 RB), Thailand (600 RB), Pakistan (400 RB), and Bangladesh (400 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 16,200 RB were to China (13,800 RB) and Vietnam (2,400 RB). Exports for own account totaling 35,800 RB to China (34,000 RB), Vietnam (1,200 RB), and Turkey (600 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 98,000 RB are for China (63,700 RB), Vietnam (20,600 RB), Pakistan (5,000 RB), Turkey (4,800 RB), South Korea (2,400 RB), and India (1,500 RB).
Source: USDA-FAS