NEW DELHI, Nov 24 : US cotton net sales were at 328,300 running bales (RB) for the week ended November 16 in the marketing year 2023/2024 starting August 1, down 2 percent from the previous week and 6 percent from the prior 4-week average.
US cotton net sales were at 328,300 RB for the week ended November 9.
Increases were primarily for China (237,300 RB, including decreases of 4,400 RB), Mexico (29,400 RB), Vietnam (24,500 RB, including 1,900 RB switched from Macau), Bangladesh (12,400 RB), and South Korea (9,200 RB), were offset by reductions for Panama (3,500 RB), Macau (1,900 RB), and Pakistan (1,400 RB).
Net sales of 5,700 RB for 2024/2025 were reported for South Korea (3,500 RB), Japan (1,200 RB), and Mexico (1,000 RB). Exports of 77,900 R--a marketing-year low--were down 31 percent from the previous week and 28 percent from the prior 4-week average.
The destinations were primarily to China (18,400 RB), Bangladesh (14,100 RB), Vietnam (11,700 RB), Mexico (9,500 RB), and Pakistan (6,500 RB).
Net sales of Pima totaling 2,300 RB for 2023/2024 were down 84 percent from the previous week and 88 percent from the prior 4-week average.
Increases primarily for China (1,200 RB) and Peru (1,000 RB), were offset by reductions for the United Arab Emirates (700 RB).
Exports of 3,100 RB were down 31 percent from the previous week and 20 percent from the prior 4-week average. The destinations were to Pakistan (2,000 RB), India (400 RB), China (300 RB), South Korea (200 RB), and Thailand (200 RB).
Optional Origin Sales: For 2023/2024, the current outstanding balance of 5,300 RB were reported for Bangladesh (4,400 RB) and Pakistan (900 RB).
Exports for Own Account: For 2023/2024, new exports for own account totaling 3,400 RB were to China. Exports for own account totaling 5,500 RB to China (4,900 RB) and Vietnam (600 RB) were applied to new or outstanding sales.
The current exports for own account outstanding balance of 116,900 RB are for China (91,900 RB), Vietnam (16,400 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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