NEW DELHI, Jan 25: US cotton net sales were at 207,000 running bales (RB) for the week ended January 18 in the marketing year 2023/2024 starting August 1, down 51 percent from the previous week and 30 percent from the prior 4-week average.
US cotton net sales were at 420,000 RB for the week ended January 11.
Increases were primarily for China (103,300 RB, including decreases of 8,800 RB), Vietnam (33,800 RB, including 4,400 RB switched from China, 1,700 RB switched from Macau, and 400 RB switched from Japan), Bangladesh (21,700 RB, including 4,200 RB switched from Pakistan), Pakistan (15,100 RB), and Turkey (11,000 RB, including decreases of 600 RB), were offset by reductions for Macau (1,700 RB).
Exports of 142,200 RB were down 45 percent from the previous week and 39 percent from the prior 4-week average. The destinations were primarily to China (53,400 RB), Vietnam (23,200 RB), Mexico (11,900 RB), Indonesia (9,300 RB), and Bangladesh (8,100 RB).
Net sales of Pima totaling 4,700 RB for 2023/2024 were up 35 percent from the previous week and 64 percent from the prior 4-week average. Increases were primarily for Peru (2,000 RB), India (1,000 RB), China (900 RB), Colombia (500 RB), and Indonesia (200 RB).
Exports of 3,700 RB were down 21 percent from the previous week and 62 percent from the prior 4-week average. The destinations were primarily to China (1,300 RB), India (1,100 RB), Vietnam (600 RB), and Thailand (400 RB).
Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB were reported for Bangladesh.
Exports for Own Account: For 2023/2024, exports for own account totaling 1,700 RB to China were applied to new or outstanding sales.
The current exports for own account outstanding balance of 84,800 RB are for China (63,000 RB), Vietnam (13,200 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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