For the week ending September 1, 2016, and shipments through August 25, 2016
There were 16,600 new net sales reported for the week versus 32,300 bales in sales the previous week. Current registered export sales for the 2016/17 crop year now total 250,000 bales. This level of sales is 321.3% of the sales level at the same time last year when 77,800 bales in sales had already been registered. Current shipments stand at 156.1% of last year with 52,500 bales shipped versus 33,500 bales shipped at the same time last year.
There were 16,600 bales in new purchases made this week to India (9,000), Germany (3,900), China (2,200), Japan (700), Thailand (500) and Pakistan (300).
There were no destination changes this past week.
There were 100 bales in cancellations this past week from India (-100).
Export shipments this past week totaled 11,300 bales versus 29,100 bales the previous week. Shipments this past week went to China (4,700), India (4,100), Indonesia (1,000), Korea (800), Egypt (300), Colombia (100), Japan (100), Pakistan (100) and Turkey (100).
The top five leading importers for the 2016/17 crop year are led by India with purchases of 110,200 bales. China, Pakistan, Egypt, and Germany round out the top five with purchases of 60,400 bales, 34,900 bales, 12,200 bales and 7,800 bales respectively. These five nations account for 90.2% of all the export-based purchases of U.S. Pima made to date this year.
There were no new forward sales reported this week. The current new crop sales totals stand at 0 and 0 bales respectively for the 2017/18 and 2018/19 years.
The USDA report can be found here: http://www.fas.usda.gov/export-sales/cottfax.htm
Export Sales Summary
|Other Western Europe||0.0||3.0||0.2||0.0||1.0|
|Other Asia and Oceania||0.5||15.1||3.6||0.5||0.1|
|Western Hemisphere Totals||4.1||26.4||20.3||27.6||19.9|
|Rest of World||12.5||18.8||11.8||15.3||32.8|
Source – USDA-FAS U.S. Export Sales – August 25, 2016