US cotton net sales for July 5-11 at 27,200 RB, hit marketing-year low, down 50 percent W/W

NEW DELHI, July 18: US cotton net sales were at 27,200 running bales (RB) for the week ended July 11, a marketing-year low, in the marketing year 2023/2024 starting August 1, down 50 percent from the previous week and 76 percent from the prior 4-week average.

US cotton net sales were at 54,100 RB for the week ended July 4.

Increases were primarily for Vietnam (6,800 RB, including 600 RB switched from South Korea), China (5,600 RB), Pakistan (5,500 RB), Turkey (4,600 RB, including decreases of 3,700 RB), and Nicaragua (4,400 RB), were offset by reductions for Malaysia (4,000 RB) and South Korea (3,300 RB).

Net sales of 165,600 RB for 2024/2025 were primarily for China (32,100 RB), Malaysia (31,700 RB), Pakistan (21,700 RB), India (20,300 RB), and Turkey (13,200 RB).

Exports of 113,100 RB were down 30 percent from the previous week and 33 percent from the prior 4-week average. The destinations were primarily to China (34,400 RB), Pakistan (13,700 RB), Vietnam (11,900 RB), Mexico (11,200 RB), and Bangladesh (9,200 RB).

Net sales & exports of Pima

Net sales of Pima totaling 3,800 RB for 2023/2024 were down 4 percent from the previous week and 20 percent from the prior 4-week average.

Increases primarily for India (2,900 RB, including decreases of 400 RB), Thailand (400 RB), Vietnam (300 RB), Peru (300 RB), and South Korea (200 RB), were offset by reductions for Italy (400 RB).

Total net sales of 2,100 RB for 2024/2025 were for Peru. Exports of 4,300 RB were up noticeably from the previous week, but down 21 percent from the prior 4-week average. The destinations were primarily to India (2,900 RB), Thailand (400 RB), Pakistan (300 RB), Peru (300 RB), and South Korea (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, exports for own account totaling 1,300 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 106,900 RB are for China (80,000 RB), Vietnam (14,700 RB), Pakistan (7,300 RB), South Korea (3,700 RB), and Turkey (1,200 RB).