NEW DELHI, Sept 28: US cotton net sales were at 55,300 running bales (RB) for the week ended September 21 in the marketing year 2023/2024 starting August 1, down 48 percent from the previous week and 31 percent from the prior 4-week average.
US cotton net sales were at 105,800 RB for the week ended September 14.
Net sales were primarily for Vietnam (15,700 RB, including 400 RB switched from South Korea and 300 RB switched from Japan), China (13,100 RB, including decreases of 100 RB), Indonesia (5,400 RB, including 400 RB switched from Japan), El Salvador (4,000 RB), and Macau (3,500 RB), were offset by reductions for Pakistan (3,500 RB).
Net sales of 11,000 RB for 2024/2025 were reported for Malaysia (8,800 RB) and Thailand (2,200 RB). Exports of 159,400 RB were up 6 percent from the previous week, but down 3 percent from the prior 4-week average. The destinations were primarily to China (73,300 RB), Bangladesh (18,300 RB), Pakistan (15,000 RB), Mexico (14,000 RB), and Vietnam (9,100 RB).
Net sales of Pima totaling 15,600 RB for 2023/2024--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average.
Increases primarily for Vietnam (4,000 RB), China (3,700 RB), India (3,500 RB), Egypt (2,700 RB), and Pakistan (900 RB), were offset by reductions for the United Arab Emirates (400 RB). Exports of 2,100 RB were up 5 percent from the previous week, but down 51 percent from the prior 4-week average.
The destinations were to China (600 RB), Honduras (400 RB), India (300 RB), Indonesia (300 RB), and Thailand (100 RB).
Optional Origin Sales: For 2023/2024, the current outstanding balance of 900 RB, all Pakistan.
Exports for Own Account: For 2023/2024, new exports for own account totaling 12,600 RB - late were to China. Exports for own account totaling 52,000 RB to China (50,500 RB, including 47,900 RB - late) and India (1,500 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 95,400 RB are for China (76,000 RB), Vietnam (10,800 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
Late Reporting: For 2023/2024, new exports for own account totaling 12,578 RB of upland cotton were reported late for China. Exports for own account totaling 47,923 RB were late to China.
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