US Cotton net export sales for May 10-16 at 202,900 RB, up 30 percent W/W

NEW DELHI, May 23: US cotton net sales were at 202,900 running bales (RB) for the week ended May 16 in the marketing year 2023/2024 starting August 1, up 30 percent from the previous week and 19 percent from the prior 4-week average.

US cotton net sales were at 156,500 RB for the week ended May 9.

Increases were primarily for China (104,400 RB, including 3,800 RB switched from Singapore, 1,200 RB switched from Hong Kong, and decreases of 8,800 RB), Pakistan (42,000 RB), Vietnam (21,200 RB, including 3,400 RB switched from China, 1,700 RB switched from South Korea, and 700 RB switched from Japan), Turkey (15,000 RB, including 200 RB switched from China), and Bangladesh (4,700 RB), were offset by reductions for Singapore (3,800 RB) and Hong Kong (1,200 RB).

Net sales of 47,900 RB for 2024/2025 primarily for China (13,200 RB), India (12,900 RB), Indonesia (12,100 RB), Turkey (4,400 RB), and Thailand (4,400 RB), were offset by reductions for South Korea (3,500 RB).

Exports of 204,100 RB were down 15 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to China (84,600 RB), Turkey (25,900 RB), Pakistan (24,500 RB), Vietnam (14,600 RB), and Indonesia (10,000 RB).

Net sales of Pima totaling 9,900 RB for 2023/2024 were up noticeably from the previous week and up 51 percent from the prior 4-week average.

Increases were primarily for Vietnam (3,900 RB), India (3,300 RB), Peru (1,100 RB), Turkey (600 RB, including decreases of 300 RB), and China (400 RB).

Net sales of 700 RB for 2024/2025 were reported for Peru (400 RB) and Turkey (300 RB). Exports of 13,300 RB were up noticeably from the previous week and up 89 percent from the prior 4-week average. The destinations were primarily to India (4,500 RB), Vietnam (4,400 RB), China (3,300 RB), Turkey (400 RB), and Peru (300 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 5,300 RB were to China. The current exports for own account outstanding balance of 96,800 RB are for China (72,100 RB), Vietnam (14,700 RB), Pakistan (5,100 RB), South Korea (3,700 RB), and Turkey (1,200 RB).