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US cotton net export sales for Nov 24-30 at 116,400 RB, down 47 percent W/W

7 Dec 2023 9:42 pm
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NEW DELHI, Dec 7: US cotton net sales were at 116,400 running bales (RB) for the week ended November 30 in the marketing year 2023/2024 starting August 1, down 47 percent from the previous week and 63 percent from the prior 4-week average.


US cotton net sales were at 217,700 RB for the week ended November 23.

Increases were primarily for China (59,100 RB), Macau (17,900 RB), Bangladesh (16,900 RB), Vietnam (11,000 RB, including 2,200 RB switched from Macau), and Guatemala (10,100 RB), were offset by reductions for Turkey (13,300 RB), Mexico (11,100 RB), and Japan (200 RB).

Net sales of 29,600 RB for 2024/2025 were reported for Turkey (13,200 RB), Guatemala (8,100 RB), Thailand (5,300 RB), and El Salvador (3,000 RB).

Exports of 139,200 RB were up 57 percent from the previous week and 50 percent from the prior 4-week average. The destinations were primarily to China (60,500 RB), Bangladesh (14,300 RB), Vietnam (9,800 RB), Pakistan (9,500 RB), and Mexico (8,500 RB).

Net sales of Pima totaling 3,200 RB for 2023/2024 were up 95 percent from the previous week, but down 66 percent from the prior 4-week average.

Increases were primarily for China (2,300 RB), India (500 RB), and Thailand (400 RB). Exports of 4,000 RB were down 55 percent from the previous week and 21 percent from the prior 4-week average. The destinations were to India (1,900 RB), China (1,400 RB), Pakistan (400 RB), Turkey (200 RB), and Thailand (100 RB).

Optional Origin Sales: For 2023/2024, the current outstanding balance of 4,400 RB were reported for Bangladesh.

Exports for Own Account: For 2023/2024, new exports for own account totaling 2,700 RB were to China. Exports for own account totaling 3,400 RB to China (1,800 RB) and Vietnam (1,600 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 114,300 RB are for China (90,900 RB), Vietnam (14,800 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).

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