NEW DELHI, April 4: US cotton net sales were at 84,900 running bales (RB) for the week ended March 28 in the marketing year 2023/2024 starting August 1, down 14 percent from the previous week, but up 4 percent from the prior 4-week average.
US cotton net sales were at 98,200 RB for the week ended March 21.
Increases were primarily for China (35,300 RB, including decreases of 1,500 RB), Turkey (19,400 RB, including decreases of 100 RB), Honduras (11,100 RB, including decreases of 200 RB), Vietnam (7,600 RB, including decreases of 300 RB), and Mexico (5,700 RB, including decreases of 300 RB), were offset by reductions for Bangladesh (4,100 RB), El Salvador (200 RB), Guatemala (100 RB), and Ecuador (100 RB).
Net sales of 22,900 RB for 2024/2025 were reported for Honduras (16,900 RB), Bangladesh (5,800 RB), and Peru (200 RB).
Exports of 367,600 RB were up 2 percent from the previous week and 7 percent from the prior 4-week average. The destinations were primarily to China (164,600 RB), Pakistan (51,700 RB), Vietnam (44,300 RB), Turkey (41,700 RB), and Bangladesh (12,200 RB).
Net sales of Pima totaling 1,400 RB for 2023/2024 were down 89 percent from the previous week and 83 percent from the prior 4-week average. Increases were primarily for India (700 RB), Thailand (300 RB), and Turkey (300 RB). Exports of 5,200 RB were up 14 percent from the previous week and 11 percent from the prior 4-week average. The destinations were to China (3,000 RB), India (1,400 RB), Turkey (600 RB), Portugal (100 RB), and Thailand (100 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 3,200 RB were to Pakistan (3,000 RB) and China (300 RB). The current exports for own account outstanding balance of 75,000 RB are for China (49,700 RB), Vietnam (13,700 RB), Pakistan (8,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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