US Cotton net sales reductions for July 12-18 at 74,200 RB, hit marketing-year low, down 50 percent W/W

NEW DELHI, July 25: US Upland cotton net sales reductions were at 74,200 running bales (RB) for the week ended July 18, a marketing-year low, in the marketing year 2023/2024 starting August 1, down noticeably from the previous week and from the prior 4-week average.

US cotton net sales were at 27,200 RB for the week ended July 11.

Increases were primarily for for Mexico (1,800 RB), Thailand (600 RB), Indonesia (500 RB), and Pakistan (400 RB), were more than offset by reductions primarily for Vietnam (42,400 RB), Turkey (10,700 RB), Nicaragua (7,000 RB), China (6,300 RB), and India (4,500 RB).

Net sales of 285,900 RB for 2024/2025 were primarily for Mexico (64,500 RB), Vietnam (58,200 RB), Turkey (52,600 RB), India (28,400 RB), and China (21,100 RB).

Exports of 131,300 RB were up 16 percent from the previous week, but down 11 percent from the prior 4-week average. The destinations were primarily to China (32,600 RB), Vietnam (27,800 RB), Pakistan (15,900 RB), Bangladesh (11,000 RB), and Mexico (10,200 RB).

Net sales reductions of Pima

Net sales reductions of Pima totaling 100 RB for 2023/2024--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average.

Increases reported for Turkey (100 RB), were more than offset by reductions for Vietnam (200 RB).

Net sales of 4,900 RB for 2024/2025 were reported for Vietnam (2,200 RB), Peru (1,400 RB), India (800 RB), Taiwan (400 RB), and Guatemala (100 RB).

Exports of 2,300 RB were down 47 percent from the previous week and 55 percent from the prior 4-week average. The destinations were primarily to Peru (1,100 RB), India (800 RB), Turkey (300 RB), and Vietnam (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, 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). (By Commoditiescontrol Bureau; +91-9820130172)