USDA cotton export sales highlights for latest reporting week: Net Upland sales of 23,700 running bales were 19 percent below the previous week and 78 percent under the prior 4-week average.
Increases for China (26,100 RB), Thailand (5,200 RB), Mexico (2,800 RB), and Japan (2,200 RB), were partially offset by decreases for Taiwan (13,000 RB) and Hong Kong (3,400 RB). Net sales of 93,000 RB for delivery in 2007/08 (which begins August 1) were primarily for Mexico (35,500 RB), China (29,400 RB), and Guatemala (9,600 RB).
Exports of 450,300 RB were 6 percent above the previous week and 9 percent over the prior 4-week average.
The primary destinations were China (152,600 RB), Turkey (79,500 RB), Indonesia (54,400 RB), Mexico (29,500 RB), and Pakistan (28,100 RB).
NYBOT COTTON STOCKS FALL Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of July 25 totalled 655,052 (480-lb) bales, from 659,780 bales the previous session. There were 1,478 bales issued, 11,828 bales were awaiting review and 2,244 bales decertified.
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