NEW DELHI, Nov 9 : US cotton net sales were at 395,200 running bales (RB), a marketing-year high, for the week ended November 2 in the marketing year 2023/2024 starting August 1, down 14 percent from the previous week, but up noticeably from the prior 4-week average.
US cotton net sales were at 457,100 RB for the week ended October 26.
Increases were primarily for China (260,000 RB), Vietnam (54,500 RB, including 100 RB switched from Macau), Pakistan (27,200 RB), Bangladesh (14,500 RB), and Mexico (14,100 RB, including 2,200 RB switched from China), were offset by reductions for Macau (100 RB).
Net sales of 44,500 RB for 2024/2025 were reported for Pakistan (44,000 RB) and Japan (500 RB).
Exports of 90,600 RB--a marketing-year low--were down 31 percent from the previous week and 18 percent from the prior 4-week average. The destinations were primarily to China (21,400 RB), Vietnam (18,900 RB), Bangladesh (17,400 RB), Mexico (11,600 RB), and Pakistan (9,700 RB).
Net sales of Pima totaling 20,300 RB for 2023/2024 were down 21 percent from the previous week, but up 64 percent from the prior 4-week average.
Increases were primarily for China (13,100 RB), India (3,800 RB), Pakistan (1,500 RB), Thailand (900 RB), and the United Arab Emirates (700 RB). Exports of 4,000 RB were up 53 percent from the previous week and 40 percent from the prior 4-week average.
The destinations were primarily to India (2,700 RB), Pakistan (900 RB), China (200 RB), and South Korea (200 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 800 RB were primarily to China. Exports for own account totaling 900 RB to Vietnam were applied to new or outstanding sales. The current exports for own account outstanding balance of 129,900 RB are for China (104,300 RB), Vietnam (17,000 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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