According to the latest USDA’s Weekly Export Sales Report of week ending 20 September, net sales of 70,300 RB for 2018-19 – a marketing-year low – were down 28% from the previous week and 33% from the prior four-week average. Increases were reported for Vietnam (36,300 RB, including 3,800 RB switched from China), Japan (13,900 RB, including decreases of 1,800 RB), Pakistan (13,800 RB), Taiwan (11,900 RB, including 1,000 RB switched from Japan and 600 RB switched from China), and Guatemala (6,700 RB). Reductions were reported for China (46,800 RB).
For 2019-20, net sales of 58,200 RB were reported for China (56,400 RB) and Thailand (1,800 RB). Exports of 138,900 RB were down 7% from the previous week and 13% from the prior 4-week average. Exports were primarily to Vietnam (34,600 RB), Bangladesh (17,900 RB), Mexico (15,000 RB), Indonesia (14,900 RB) and China (12,900 RB).
Net sales of Pima totaling 7,300 RB for 2018-19 were up noticeably from the previous week, but down 4% from the prior 4-week average. Increases reported for China (2,200 RB), Peru (2,200 RB), India (1,100 RB) and Thailand (900 RB) were partially offset by reductions for Japan (100 RB).
Exports of 4,800 RB were down 45% from the previous week and 22% from the prior four-week average. The primary destinations were India (2,700 RB), Egypt (900 RB) and Peru (800 RB).
Optional origin sales:
For 2018-19, new optional origin sales of 600 RB were reported for Pakistan. Options were exercised to export 600 RB to Pakistan from the US. The current outstanding balance of 1,800 RB is for Vietnam.
Exports for own account:
The current exports for own account outstanding balance is 7,400 RB, all China.
