NEW DELHI, Nov 16 : US cotton net sales were at 328,300 running bales (RB) for the week ended November 9 in the marketing year 2023/2024 starting August 1, down 17 percent from the previous week, but up 18 percent from the prior 4-week average.
US cotton net sales were at 395,200 RB for the week ended November 2.
Increases were primarily for China (176,200 RB, including 900 RB switched from Macau), Mexico (35,000 RB), Vietnam (32,600 RB, including 4,800 RB switched from Macau and decreases of 100 RB), Bangladesh (23,500 RB), and Turkey (22,900 RB), were offset by reductions for Macau (5,600 RB).
Net sales of 30,400 RB for 2024/2025 were reported for Mexico (11,200 RB), Guatemala (7,100 RB), Honduras (5,500 RB), Costa Rica (5,000 RB), and El Salvador (1,600 RB).
Exports of 112,900 RB were up 25 percent from the previous week and 5 percent from the prior 4-week average.
The destinations were primarily to China (24,900 RB), Vietnam (20,800 RB), Pakistan (17,600 RB), Mexico (14,100 RB), and Bangladesh (13,700 RB).
Net sales of Pima
Net sales of Pima totaling 13,900 RB for 2023/2024 were down 32 percent from the previous week and 18 percent from the prior 4-week average.
Increases were primarily for India (11,100 RB), Vietnam (1,800 RB), Thailand (400 RB), Turkey (300 RB), and China (200 RB).
Exports of 4,500 RB were up 11 percent from the previous week and 49 percent from the prior 4-week average. The destinations were to India (2,100 RB), China (1,600 RB), Thailand (400 RB), Peru (300 RB), and Turkey (100 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 4,100 RB were to China. Exports for its own account totaling 15,200 RB to China were applied to new or outstanding sales. The current exports for its own account outstanding balance of 118,700 RB are for China (93,100 RB), Vietnam (17,000 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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