NEW DELHI, Feb 23: US cotton net sales were at 130,500 running bales (RB) for the week ended February 15 in the marketing year 2023/2024 starting August 1, down 19 percent from the previous week and 48 percent from the prior 4-week average.
US cotton net sales were at 160,500 RB for the week ended February 8.
Increases were primarily for Bangladesh (50,600 RB, including decreases of 1,600 RB), Turkey (34,300 RB, including decreases of 15,500 RB), Vietnam (19,700 RB, including 500 RB switched from Macau and 400 MT switched from Japan), Mexico (13,500 RB), and South Korea (7,100 RB), were offset by reductions for Pakistan (9,100 RB), Malaysia (900 RB), Macau (500 RB), and Singapore (500 RB).
Net sales of 58,100 RB for 2024/2025 were primarily for Indonesia (22,000 RB), Turkey (15,400 RB), Mexico (11,600 RB), and Guatemala (7,000 RB). Exports of 255,500 RB were down 8 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to China (103,900 RB), Vietnam (46,000 RB), Pakistan (31,800 RB), Turkey (12,000 RB), and Mexico (10,900 RB).
Net sales of Pima totaling 3,400 RB for 2023/2024 were down 36 percent from the previous week and 59 percent from the prior 4-week average. Increases were primarily for India (1,300 RB), Turkey (900 RB), Egypt (900 RB), Japan (100 RB), and Italy (100 RB).
Exports of 3,100 RB were down 44 percent from the previous week and 61 percent from the prior 4-week average. The destinations were primarily to Thailand (900 RB), China (600 RB), India (500 RB), Pakistan (400 RB), and Indonesia (200 RB).
Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB, all Bangladesh.
Exports for Own Account: For 2023/2024, new exports for own account totaling 500 RB were to China. The current exports for own account outstanding balance of 75,900 RB are for China (54,100 RB), Vietnam (13,200 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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