US cotton net export sales for May 3-9 at 156,500 RB, down 38 percent W/W

NEW DELHI, May 16: US cotton net sales were at 156,500 running bales (RB) for the week ended May 9 in the marketing year 2023/2024 starting August 1, down 38 percent from the previous week and 7 percent from the prior 4-week average.

US cotton net sales were at 253,700 RB for the week ended May 2.

Increases were primarily for China (63,600 RB, including 2,500 RB switched from Hong Kong), Vietnam (27,600 RB, including decreases of 2,300 RB), Pakistan (22,600 RB), Turkey (17,100 RB, including decreases of 900 RB), and Indonesia (9,400 RB, including 2,100 RB switched from Japan), were offset by reductions for Hong Kong (2,600 RB) and El Salvador (500 RB).

Net sales of 140,600 RB for 2024/2025 were primarily for El Salvador (90,800 RB), Mexico (16,100 RB), Honduras (10,200 RB), Bangladesh (6,700 RB), and Pakistan (5,700 RB).

Exports of 238,800 RB were down 4 percent from the previous week and unchanged from the prior 4-week average. The destinations were primarily to China (85,000 RB), Turkey (39,900 RB), Pakistan (34,900 RB), Bangladesh (18,500 RB), and Vietnam (10,900 RB).

Net sales of Pima totaling 3,600 RB for 2023/2024 were down 36 percent from the previous week and 43 percent from the prior 4-week average.

Increases were reported for India (2,700 RB, including decreases of 2,700 RB), Vietnam (400 RB), Germany (200 RB), Turkey (200 RB), and Japan (100 RB). Total net sales of 1,000 RB for 2024/2025 were for Italy.

Exports of 5,200 RB were down 37 percent from the previous week and 28 percent from the prior 4-week average. The destinations were primarily to India (2,700 RB), Vietnam (1,000 RB), Brazil (400 RB), Pakistan (400 RB), and Thailand (200 RB).

Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB, all Bangladesh. For 2024/2025, the current outstanding balance of 8,800 RB, all Pakistan.

Exports for Own Account: For 2023/2024, new exports for own account totaling 5,400 RB were to China. The current exports for its own account outstanding balance of 91,500 RB are for China (66,800 RB), Vietnam (14,700 RB), Pakistan (5,100 RB), South Korea (3,700 RB), and Turkey (1,200 RB).