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Export Sales Increase as U.S. and World Prices Decline

* Three week moving average
Export sales started the
current marketing year off at a slow pace after prices recovered
from a 5-year decline. However, recent strong net sales brought
total commitments in line with export forecast expectations.
Lower cotton prices in general, and more competitive U.S. prices
helped stimulate these sales. The 3-week moving average of U.S.
net weekly export sales rose from August through mid-October as
U.S. prices declined and the gap between the U.S. price and the
A-index narrowed. The gap between the A-index and the average of
the Memphis and CA/AZ prices averaged over 800 points during
August, but dropped to under 600 by mid-October. Net export sales
were flat during November and December as prices increased, while
the price gap narrowed to around 400 points. Net sales since the
beginning of the year, while quite variable, trended strongly
upward, while U.S. prices and the A-index fell steadily leaving
the price gap relatively unchanged.
TABLE OF CONTENTS
Most statistical tables contained in this circular may be viewed in Adobe Acrobat format ® (.pdf) or downloaded as Lotus 1-2-3 ® spreadsheets (.wk3).
Tables
Table 13: New Independent States Cotton Supply and Demand, MY 1991/92-1999/2000 {.pdf, .wk3}
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Download the trade tables in Lotus 123 version 4 format. Please note that some versions of Netscape Navigator will change the filename extension; if this happens, you MUST rename the file to .wk4 to access it. |
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