US cotton net export sales for Oct 20-26 at 457,100 RB, up noticeably W/W

NEW DELHI, Nov 2 : US cotton net sales were at 457,100 running bales (RB), a marketing-year high, for the week ended October 26 in the marketing year 2023/2024 starting August 1, up noticeably from the previous week and from the prior 4-week average.

US cotton net sales were at 186,100 RB for the week ended October 19. Increases were primarily for China (324,000 RB, including decreases of 100 RB), Mexico (108,200 RB), Peru (11,200 RB), South Korea (8,400 RB), and Vietnam (7,000 RB), were offset by reductions for Pakistan (8,400 RB), Honduras (3,100 RB), and Turkey (400 RB). Net sales of 87,800 RB were reported for Mexico (75,200 RB), Pakistan (11,000 RB), and Japan (1,600 RB). Exports of 132,200 RB were up 35 percent from the previous week and 15 percent from the prior 4-week average. The destinations were primarily to China (59,900 RB), Pakistan (17,900 RB), Mexico (16,500 RB), Bangladesh (12,100 RB), and Vietnam (5,000 RB). Net sales of Pima totaling 25,800 RB for 2023/2024--a marketing-year high--were up 83 percent from the previous week and up noticeably from the prior 4-week average. Increases primarily for China (14,500 RB), India (4,900 RB), Pakistan (3,100 RB), Vietnam (2,700 RB), and Thailand (2,200 RB), were offset by reductions for Mexico (5,000 MT). Exports of 2,600 RB were down 41 percent from the previous week and 25 percent from the prior 4-week average. The destinations were to India (1,700 RB), China (500 RB), and South Korea (400 RB). Optional Origin Sales: For 2023/2024, the current outstanding balance of 5,300 RB were reported for Bangladesh (4,400 RB) and Pakistan (900 RB). Exports for Own Account: For 2023/2024, new exports for own account totaling 9,000 RB were to Vietnam (4,700 RB) and China (4,300 RB). Exports for own account totaling 31,900 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 130,000 RB are for China (103,600 RB), Vietnam (17,800 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).

(By CommoditiesControl Bureau; +91-9820130172)