NEW DELHI, Feb 1: US cotton net sales were at 349,400 running bales (RB) for the week ended January 25 in the marketing year 2023/2024 starting August 1, up 69 percent from the previous week and 37 percent from the prior 4-week average.
US cotton net sales were at 207,000 RB for the week ended January 18.
Increases were primarily for China (133,200 RB, including decreases of 5,000 RB), Vietnam (82,800 RB, including 400 RB switched from South Korea and decreases of 1,700 RB), Pakistan (68,900 RB, including decreases of 6,600 RB), Turkey (17,400 RB), and Bangladesh (11,000 RB), were offset by reductions for South Korea (3,100 RB).
Net sales of 25,200 RB for 2024/2025 were reported for Pakistan (12,800 RB), Mexico (10,200 RB), and Turkey (2,200 RB).
Exports of 396,700 RB--a marketing-year high--were up noticeably from the previous week and up 89 percent from the prior 4-week average.
The destinations were primarily to China (183,700 RB), Pakistan (53,000 RB), Vietnam (34,500 RB), Mexico (26,200 RB), and Turkey (21,700 RB).
Net sales of Pima totaling 13,500 RB for 2023/2024 were up noticeably from the previous week and from the prior 4-week average.
Increases were primarily for China (7,700 RB), Ethiopia (2,200 RB), India (1,300 RB), Turkey (900 RB), and Peru (500 RB). Exports of 11,200 RB were up noticeably from the previous week and up 15 percent from the prior 4-week average.
The destinations were primarily to China (5,300 RB), India (2,600 RB), Turkey (1,100 RB), Peru (1,000 RB), and Thailand (800 RB).
Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB, all Bangladesh.
Exports for Own Account: For 2023/2024, new exports for own account totaling 1,700 RB were to China. Exports for own account totaling 7,500 RB to China were applied to new or outstanding sales.
The current exports for own account outstanding balance of 79,000 RB are for China (57,200 RB), Vietnam (13,200 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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