NEW DELHI, May 31: US cotton net sales were at 222,600 running bales (RB) for the week ended May 23 in the marketing year 2023/2024 starting August 1, up 10 percent from the previous week and 25 percent from the prior 4-week average.
US cotton net sales were at 202,900 RB for the week ended May 16.
Increases were primarily for China (191,900 RB, including 400 RB switched from Hong Kong), Vietnam (8,500 RB, including 900 RB switched from China, 300 RB switched from Japan, and decreases of 500 RB), Bangladesh (5,900 RB, including decreases of 200 RB), Turkey (5,100 RB, including decreases of 200 RB), and South Korea (4,400 RB), were offset by reductions for Guatemala (7,100 RB) and Hong Kong (400 RB).
Net sales of 78,100 RB for 2024/2025 were primarily for Turkey (26,400 RB), El Salvador (20,900 RB), Thailand (8,800 RB), Guatemala (7,300 RB), and India (4,400 RB).
Exports of 172,200 RB were down 16 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to China (52,500 RB), Turkey (30,700 RB), Vietnam (20,200 RB), Pakistan (15,300 RB), and Indonesia (12,100 RB).
Net sales of Pima totaling 5,400 RB for 2023/2024 were down 46 percent from the previous week and 10 percent from the prior 4-week average. Increases were primarily for India (2,000 RB), China (1,300 RB), Peru (800 RB), Bangladesh (500 RB), and Vietnam (400 RB).
Total net sales of 200 RB for 2024/2025 were for Japan. Exports of 6,300 RB were down 53 percent from the previous week and 20 percent from the prior 4 week average. The destinations were primarily to China (1,900 RB), Vietnam (1,800 RB), Peru (600 RB), Pakistan (600 RB), and India (500 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 9,700 RB were to China (7,500 RB) and Pakistan (2,200 RB). The current exports for own account outstanding balance of 106,600 RB are for China (79,700 RB), Vietnam (14,700 RB), Pakistan (7,300 RB), South Korea (3,700 RB), and Turkey (1,200 RB).Due to the federal holiday; the next U.S. Export Sales Report will be released on Friday, May 31, 2024.
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