USDA cotton export sales highlights for latest reporting week. Net Upland sales of 449,400 RB were 38 percent above the previous week and 60 percent over the prior 4-week average.
The major buyers were China (176,800 RB) and Mexico (119,000 RB), with smaller quantities to Indonesia (38,400 RB), Turkey (38,400 RB), South Korea (22,600 RB), and Thailand (22,100 RB).
Reductions were reported for Hong Kong (13,100 RB) and Ireland (9,500 RB). Net sales of 3,500 RB for delivery in 2006/07 resulted as major increases for Indonesia (8,600 RB) and South Korea (1,400 RB) were partially offset by decreases for Ireland (6,800 RB).
Exports of 267,400 RB were 94 percent above the prior week and 53 percent over the previous 4-week average. The primary destinations were China (131,200 RB), Turkey (31,000 RB), Mexico (24,200 RB), Colombia (12,700 RB), Thailand (10,000 RB), and Indonesia (9,500 RB). American Pima net sales of 12,900 RB were primarily for China (7,500 RB), Pakistan (2,600 RB), Indonesia (2,300 RB), and India (900 RB). Exports of 12,200 RB were mainly for China (5,600 RB), Japan (2,000 RB), Indonesia (2,000 RB), and Germany (1,100 RB).
PRICE FOR UPLAND COTTON The US Agriculture Department set the prevailing world market price for upland cotton at 40.27 cents per pound, effective through December 15. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton.
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