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US cotton net export sales for April 19-25 at 97,400 RB, down 45 percent W/W

2 May 2024 8:47 pm
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NEW DELHI, May 2: US cotton net sales were at 97,400 running bales (RB) for the week ended April 25 in the marketing year 2023/2024 starting August 1, down 45 percent from the previous week and 20 percent from the prior 4-week average.

US cotton net sales were at 177,100 RB for the week ended April 18.

Increases were primarily for Vietnam (29,600 RB, including 1,100 RB switched from South Korea and 400 RB switched from Japan), Pakistan (17,400 RB), China (15,000 RB, including decreases of 3,600 RB), India (7,100 RB, including decreases of 100 RB), and Bangladesh (6,300 RB), were offset by reductions for South Korea (1,100 RB) and Mexico (600 RB).

Net sales of 34,400 RB for 2024/2025 primarily for Vietnam (9,200 RB), Turkey (7,500 RB), Mexico (5,400 RB), Pakistan (4,400 RB), and Ecuador (4,400 RB), were offset by reductions for Guatemala (4,000 RB).

Exports of 180,000 RB were down 31 percent from the previous week and 39 percent from the prior 4-week average. The destinations were primarily to China (56,100 RB), Pakistan (30,200 RB), Turkey (25,400 RB), Vietnam (16,100 RB), and Mexico (7,600 RB).

Net sales of Pima totaling 4,600 RB for 2023/2024 were down 63 percent from the previous week and 25 percent from the prior 4-week average.

Increases were reported for Vietnam (1,800 RB), China (1,500 RB), India (600 RB, including decreases of 800 RB), Colombia (500 RB), and Pakistan (200 RB). Exports of 4,600 RB were down 55 percent from the previous week and 51 percent from the prior 4-week average.

The destinations were India (1,900 RB), China (1,700 RB), Pakistan (600 RB), Thailand (200 RB), and Colombia (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 14,800 RB were to China (13,400 RB), South Korea (1,300 RB), and Pakistan (100 RB). The current exports for own account outstanding balance of 82,700 RB are for China (58,000 RB), Vietnam (14,700 RB), Pakistan (5,100 RB), South Korea (3,700 RB), and Turkey (1,200 RB).


       
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