MUMBAI, 26 Sep (Commoditiescontrol): The United States Department of Agriculture (USDA) has released its weekly cotton export data for the period ending September 19th, 2024. The report shows a notable decline in net sales and exports for both Upland and Pima cotton compared to the previous week and the prior 4-week average. The drop is largely due to global economic uncertainties, fluctuating demand, and adjustments in trade flows.
Upland Cotton:
Net sales of Upland cotton for the 2024/2025 marketing year totaled 87,800 running bales (RB), down 18 percent from the previous week and 38 percent lower than the 4-week average. While demand from major buyers such as Turkey (31,500 RB) and Pakistan (31,100 RB) remained strong, the overall reduction reflects weaker purchasing from other markets, such as China (4,700 RB) and Peru (3,600 RB).
Exports of Upland cotton reached 79,500 RB, a significant 39 percent decline from the previous week and 43 percent below the prior 4-week average. Key export destinations included Pakistan (18,100 RB), India (12,200 RB), and China (9,100 RB). The reduced export volume signals a slowdown in global demand, likely due to economic uncertainty and market corrections.
Pima Cotton:
Net sales of Pima cotton for 2024/2025 were also down, totaling 10,800 RB, a 23 percent decrease from both the previous week and the 4-week average. Primary buyers included India (4,700 RB) and China (2,600 RB).
However, Pima cotton exports rose by 58 percent from the previous week, reaching 7,100 RB. The largest shipments went to India (5,000 RB) and Peru (1,000 RB), reflecting a growing interest in higher-quality cotton.
Optional Origin Sales and Exports for Own Account:
The outstanding balance for Optional Origin Sales remains at 8,800 RB, all destined for Pakistan. Meanwhile, exports for own account currently total 17,200 RB, allocated entirely to China.
Despite consistent demand from Turkey, Pakistan, and India, overall U.S. cotton exports have declined, driven by weaker global demand and economic uncertainty. The lower figures in net sales and exports reflect a broader market adjustment as buyers navigate fluctuating demand and shifting global trade patterns. Continued monitoring of global economic conditions will be crucial for anticipating future trends in the cotton market.
(By Commoditiescontrol Bureau; +91 98201 30172)
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