NEW DELHI, March 28: US cotton net sales were at 98,200 running bales (RB) for the week ended March 21 in the marketing year 2023/2024 starting August 1, up 8 percent from the previous week and 46 percent from the prior 4-week average.
US cotton net sales were at 92,600 RB for the week ended March 14.
Increases were primarily for Turkey (20,500 RB), China (13,400 RB, including decreases of 2,000 RB), Indonesia (12,100 RB, including 300 RB switched from Vietnam), Bangladesh (10,900 RB, including decreases of 6,000 RB), and Vietnam (10,700 RB, including 900 RB switched from Japan, 700 RB switched from South Korea, and 400 RB switched from China), were offset by reductions for Portugal (2,700 RB), South Korea (700 RB), and Pakistan (600 RB).
Net sales of 72,200 RB for 2024/2025 were primarily for Bangladesh (18,500 RB), Turkey (17,600 RB), Honduras (11,400 RB), Guatemala (8,300 RB), and Vietnam (6,900 RB).
Exports of 360,700 RB were down 9 percent from the previous week, but up 12 percent from the prior 4-week average.
The destinations were primarily to China (146,300 RB), Pakistan (59,400 RB), Vietnam (59,300 RB), Turkey (14,700 RB), and Bangladesh (13,900 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 India (6,600 RB), China (4,400 RB), Pakistan (1,400 RB), Brazil (400 RB), and Colombia (300 RB).
Exports of 4,500 RB were up noticeably from the previous week, but down 2 percent from the prior 4-week average. The destinations were primarily to China (1,400 RB), India (1,100 RB), Pakistan (900 RB), and Thailand (900 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 200 RB were to China. Exports for its own account totaling 1,100 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 71,700 RB are for China (49,400 RB), Vietnam (13,700 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
Export Adjustments: Accumulated exports of Upland cotton to China were adjusted down 1,328 RB for week ending March 14th. This shipment was reported in error.
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