MUMBAI, 19 Sep (Commoditiescontrol): The latest weekly exports summary released by the U.S. agency for the week ending September 12, 2024, showed mixed trends in the cotton market, with Upland cotton sales and exports exhibiting some declines while Pima cotton recorded growth in net sales.
Upland Cotton:
Net sales of Upland cotton for the 2024/2025 marketing year totaled 106,800 running bales (RB), marking an 8% drop from the previous week and a 23% decrease compared to the prior 4-week average. The largest buyers during the week were Vietnam (51,600 RB), followed by Pakistan (24,500 RB), India (13,400 RB), Turkey (4,300 RB), and Malaysia (4,100 RB). However, these increases were offset by reductions in sales to El Salvador (900 RB) and Bangladesh (300 RB).
For the 2025/2026 marketing year, net sales of 10,600 RB were reported, with all sales going to Mexico.
Exports of Upland cotton reached 130,000 RB, showing a 9% increase from the previous week but still down 13% from the prior 4-week average. The primary export destinations were Pakistan (40,200 RB), Vietnam (17,600 RB), China (14,700 RB), Mexico (12,200 RB), and India (10,400 RB).
Pima Cotton:
Net sales of Pima cotton for the 2024/2025 marketing year totaled 14,000 RB, reflecting a 32% increase from the previous week and an 11% rise from the prior 4-week average. The leading buyers were India (12,300 RB), followed by Vietnam (900 RB), South Korea (300 RB), Bangladesh (300 RB), and Guatemala (200 RB).
Despite the uptick in sales, exports of Pima cotton fell significantly, reaching just 4,500 RB—down 40% from both the previous week and the prior 4-week average. The main export destinations for Pima cotton were India (1,700 RB), Vietnam (1,600 RB), China (900 RB), and Indonesia (300 RB).
Optional Origin Sales and Exports for Own Account:
For the 2024/2025 marketing year, the outstanding balance of optional origin sales totaled 8,800 RB, all attributed to Pakistan. Meanwhile, the outstanding balance of exports for own account was 17,200 RB, with China being the sole destination.
The trend in Upland cotton shows a slight cooling in net sales, continuing the downtrend from the previous reports. Net sales were down by 8% compared to the prior week and even more sharply compared to the last month’s average. However, exports showed a modest rebound, increasing by 9% week-on-week, though they remained below the 4-week average. This points to a mixed sentiment in the market, as export demand remains present but is not robust enough to counterbalance the slowdown in net sales.
On the other hand, Pima cotton performed well in terms of sales, registering a 32% jump from the previous week, showing consistent demand, particularly from India. However, the sharp drop in Pima exports, down by 40%, highlights some logistical or demand-side challenges that have impacted shipment volumes.
The U.S. cotton market remains under mixed pressures, with declining Upland sales and sluggish Pima exports, even though some key markets like Pakistan, India, and Vietnam continue to show steady demand. The overall outlook will depend on how these markets continue to respond to upcoming shipments and whether the U.S. can maintain a steady flow of exports.
(By Commoditiescontrol Bureau; +91 98201 30172)
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