NEW DELHI, March 21: US cotton net sales were at 92,600 running bales (RB) for the week ended March 14 in the marketing year 2023/2024 starting August 1, up 8 percent from the previous week and 20 percent from the prior 4-week average.
US cotton net sales were at 85,800 RB for the week ended March 7.
Increases were primarily for Turkey (23,800 RB), Peru (13,700 RB), Vietnam (11,700 RB, including 3,200 RB switched from China, 500 RB switched from South Korea, 300 RB switched from Japan, and decreases of 4,400 RB), Bangladesh (11,400 RB), and Pakistan (10,200 RB, including decreases of 2,200 RB), were offset by reductions for Singapore (2,200 RB), Guatemala (800 RB), and South Korea (100 RB).
Net sales of 40,500 RB for 2024/2025 were reported for Bangladesh (26,400 RB), Turkey (8,800 RB), Pakistan (4,400 RB), and Peru (900 RB).
Exports of 397,300 RB--a marketing-year high--were up 36 percent from the previous week and 39 percent from the prior 4-week average. The destinations were primarily to China (183,700 RB), Vietnam (61,300 RB), Pakistan (58,700 RB), Turkey (22,800 RB), and Mexico (15,000 RB).
Net sales of Pima totaling 2,100 RB for 2023/2024 were down 69 percent from the previous week and 68 percent from the prior 4-week average. Increases were primarily for India (800 RB), Brazil (600 RB), and Indonesia (400 RB).
Exports of 1,200 RB were down 82 percent from the previous week and 77 percent from the prior 4-week average. The destinations were to Thailand (500 RB), India (300 RB), Italy (200 RB), and Peru (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 400 RB were to Vietnam.
Exports for own account totaling 6,100 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 72,600 RB are for China (50,300 RB), Vietnam (13,700 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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