NEW DELHI, Dec 21: US cotton net sales were at 146,700 running bales (RB) for the week ended December 14 in the marketing year 2023/2024 starting August 1, up noticeably from the previous week, but down 18 percent from the prior 4-week average..
US cotton net sales were at 57,800 RB for the week ended December 7.
Increases were primarily for China (68,400 MT), Vietnam (45,100 RB), South Korea (19,600 RB), Guatemala (9,600 RB, including decreases of 400 RB), and Bangladesh (7,500 RB), were offset by reductions for the Philippines (8,800 RB), Pakistan (2,100 RB), Turkey (1,800 RB), and Mexico (1,200 RB).
Total net sales of 1,300 RB for 2024/2025 were for Pakistan.
Exports of 222,300 RB--a marketing-year high--were up 50 percent from the previous week and 96 percent from the prior 4-week average. The destinations were primarily to China (83,800 RB), Mexico (61,200 RB), Vietnam (25,500 RB), Turkey (12,700 RB), and Bangladesh (9,500 RB).
Net sales of Pima totaling 5,300 RB for 2023/2024 were down 31 percent from the previous week, but up 43 percent from the prior 4-week average.
Increases were primarily for China (3,600 RB), Vietnam (900 RB), and India (800 RB). Exports of 5,500 RB were down 71 percent from the previous week and 37 percent from the prior 4-week average. The destinations were primarily to China (2,200 RB), Vietnam (900 RB), India (900 RB), Peru (700 RB), and Pakistan (400 RB).
Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB were reported for Bangladesh.
Exports for Own Account: For 2023/2024, new exports for own account totaling 800 RB were to China. Exports for own account totaling 5,500 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 104,000 RB are for China (80,900 RB), Vietnam (14,500 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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