MUMBAI, 07 Nov (Commoditiescontrol): During the week ended Oct 31st, the Upland cotton market showed significant growth, with net sales totaling 229,000 running bales (RB) for the 2024/2025 period. This figure represents a 21 percent increase from the previous week and a remarkable 51 percent rise from the prior four-week average, according to the USDA weekly export report. The surge in demand is primarily driven by increased purchases from key markets, contrasting with more subdued activity in previous weeks.
The increases in net sales were largely attributed to significant orders from Pakistan (72,200 RB) and Vietnam (71,800 RB), which included a small switch of 100 RB from Malaysia. Additional sales came from China (37,500 RB), Indonesia (9,100 RB), and Honduras (8,900 RB). However, these gains were partially offset by reductions from South Korea (1,800 RB) and Malaysia (100 RB). Exports for the week were reported at 145,800 RB, marking a 9 percent increase from the previous week and also up 51 percent from the prior four-week average. The main destinations for these exports included Pakistan (50,400 RB), Vietnam (21,100 RB), Turkey (18,500 RB), India (12,000 RB), and Mexico (9,300 RB).
In the Pima cotton segment, net sales totaled 12,300 RB for 2024/2025, which is a 6 percent increase from the previous week and a notable 77 percent rise from the four-week average. Key increases were noted for Pakistan (8,800 RB), India (2,500 RB, despite decreases of 4,100 RB), Peru (800 RB), Indonesia (100 RB), and Japan (100 RB). However, exports in this category saw a decline, totaling 7,500 RB, which is down 19 percent from the previous week and 7 percent from the prior four-week average. Major destinations included India (5,100 RB), Djibouti (900 RB), South Korea (500 RB), Guatemala (300 RB), and Turkey (200 RB).
Additionally, there were outstanding optional origin sales for the 2024/2025 season, with a current balance of 8,800 RB all attributed to Pakistan. Furthermore, exports for own account indicated an outstanding balance of 8,400 RB, specifically for China.
Overall, the data from the USDA weekly export report highlights a robust increase in Upland cotton sales this week, driven by strong demand from several key markets, particularly Pakistan and Vietnam. The continuing demand reflects a positive outlook for the Upland cotton sector as it heads into the coming weeks, indicating sustained market activity and opportunities for growth.
(By Commoditiescontrol Bureau; +91 98201 30172)
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