U.S. EXPORT SALES FOR WEEKENDING 5/10/2012

Cotton:  Net Upland sales of 178,600 running bales for the 2011/2012 marketing year were up 80 percent from the previous week and up noticeably from the prior 4-week average.  Increases were reported for China (76,000 RB), Turkey (27,900 RB), Taiwan (15,900 RB), Vietnam (12,500 RB), and Mexico (10,000 RB).  Decreases were reported for Italy (400 RB) and El Salvador (300 RB).  Net sales of 78,700 RB for delivery in the 2012/2013 marketing year were primarily for China (24,600 RB), Morocco (16,600 RB), and Vietnam (8,800 RB).  Exports of 194,000 RB were down 40 percent from the previous week and 34 percent from the prior 4-week average.  The primary destinations were China (102,000 RB), Turkey (22,000 RB), Vietnam (14,500 RB), and Bangladesh (13,000 RB).  Net American Pima sales of 1,400 RB were down 79 percent from the previous week and 73 percent from the prior 4-week average.  Increases were reported for Pakistan (500 RB), Turkey (400 RB, including 100 RB switched from Switzerland), and India (300 RB).  Decreases were reported for Switzerland (100 RB).  Exports of 5,100 RB were reported to Pakistan (2,900 RB), India (500 RB), Indonesia (500 RB), and China (400 RB). 

Optional Origin Sales:  For MY 2011/2012, options were exercised to export upland cotton to China (17,100 RB) from the United States.  Options were exercised to export to China (36,700 RB) from other than the United States.  Outstanding optional origin sales total 933,200 RB, and are for China (864,000 RB), South Korea (20,500 RB) Vietnam (34,100 RB), Thailand (9,300 RB), Turkey (4,400 RB), and Indonesia (900 RB).  For MY 2012/2013, outstanding optional origin sales total 105,200 RB, and are for China (88,000 RB), Turkey (13,200 RB), and Thailand (4,000 RB). 

Exports for Own Account: The current exports for own account balance is 88,000 RB, and is for China (83,400 RB) and Turkey (4,600 RB).