USDA cotton export sales highlights for latest reporting week. Net Upland sales of 36,600 running bales (RB) were 7 percent below the prior week and 81 percent under the previous 4-week average.
Major increases for China (24,300 RB), Hong Kong (5,700 RB), Turkey (3,200 RB), and Mexico (3,100 RB) were partially offset by decreases for Thailand (3,900 RB) and unknown destinations (3,800 RB).
Optional origin sales of 220,000 RB for delivery to China were declared other than US origin.
Net sales of 144,200 RB for delivery in 2005/06 (which began August 1) were primarily for China (43,300 RB), Mexico (34,200 RB), South Korea (23,300 RB), and Turkey (17,000 RB).
Exports of 424,700 RB were 39 percent under the previous week, but 3 percent above the prior 4-week average. China (179,500 RB) was the major destination, with smaller quantities to Turkey (72,000 RB), Mexico (64,000 RB), Indonesia (25,400 RB), Taiwan (15,500 RB), and South Korea (10,800 RB).
World market price for upland cotton
The US Agriculture Department set the prevailing world market price for upland cotton at 40.47 cents per pound, effective through August 11.
The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton.