US cotton net export sales for June 7-13 at 189,000 RB, up 7 percent W/W

NEW DELHI, June 21: US cotton net sales were at 189,000 running bales (RB) for the week ended June 13 in the marketing year 2023/2024 starting August 1, up 7 percent from the previous week and 2 percent from the prior 4-week average.

US cotton net sales were at 177,100 RB for the week ended June 6. Increases were primarily for China (82,200 RB, including decreases of 2,400 RB), Vietnam (38,600 RB, including 1,600 RB switched from South Korea), Pakistan (33,800 RB), India (7,300 RB), and Taiwan (4,900 RB), were offset by reductions for Italy (2,600 RB) and South Korea (1,200 RB). Net sales of 111,800 RB for 2024/2025 were primarily for Guatemala (24,600 RB), Turkey (15,400 RB), Pakistan (12,800 RB), Indonesia (10,600 RB), and China (9,200 RB). Exports of 197,900 RB were up 6 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to China (78,000 RB), Vietnam (23,800 RB), Turkey (21,500 RB), Pakistan (13,400 RB), and Indonesia (11,400 RB). Net sales of Pima totaling 7,900 RB for 2023/2024 were up noticeably from the previous week and up 51 percent from the prior 4-week average. Increases primarily for Peru (5,100 RB), India (3,100 RB), China (600 RB), Pakistan (300 RB), and Germany (200 RB), were offset by reductions for Italy (1,500 RB). Exports of 5,800 RB were down 36 percent from the previous week and 37 percent from the prior 4-week average. The destinations were to India (3,600 RB), China (1,300 RB), Vietnam (700 RB), and Turkey (200 RB). Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB, all Bangladesh. For 2024/2025, the current outstanding balance of 8,800 RB, all Pakistan. Exports for Own Account: For 2023/2024, new exports for own account totaling 3,800 RB were to China. Exports for its own account totaling 2,700 RB primarily to China (1,600 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 110,800 RB are for China (83,900 RB), Vietnam (14,700 RB), Pakistan (7,300 RB), South Korea (3,700 RB), and Turkey (1,200 RB)