MUMBAI, 29 Nov (Commoditiescontrol): The U.S. Department of Agriculture (USDA) reported strong cotton export sales for the week ending November 21, 2024, marking a new high for the 2024/2025 marketing year. Net sales of Upland cotton totaled 324,100 running bales (RB), reflecting a 2% increase from the previous week and a 46% surge from the four-week average. This increase was largely driven by demand from key international markets, including Pakistan, Vietnam, Turkey, China, and India.
The notable rise in Upland cotton sales was mainly due to a large order from Pakistan, which purchased 146,300 RB, despite reductions from late reporting (including 1,100 RB and 72,100 RB). Other significant buyers included Vietnam (52,300 RB), Turkey (48,500 RB), China (26,200 RB), and India (14,700 RB). However, there were some reductions in sales to Japan and Honduras, amounting to 500 RB and 100 RB, respectively.
Exports for the week totaled 130,300 RB, down 12% from the previous week and 4% from the four-week average. The primary destinations for U.S. cotton exports were Pakistan (25,200 RB), Mexico (18,700 RB), Vietnam (17,600 RB), Bangladesh (16,100 RB), and China (15,600 RB).
In addition to Upland cotton, Pima cotton sales also showed a positive trend, with net sales reaching 10,900 RB for 2024/2025. This marked a 22% increase from the previous week and a 16% increase from the prior four-week average. Key buyers for Pima cotton included Peru (4,200 RB), India (2,300 RB), China (2,200 RB), Pakistan (1,000 RB), and Thailand (400 RB). Exports of Pima cotton were up significantly, totaling 8,000 RB, a notable increase from the previous week and 11% higher than the four-week average. The destinations for Pima cotton exports included India (4,100 RB), China (1,900 RB), Thailand (1,200 RB), Peru (700 RB), and Indonesia (100 RB).
The USDA also reported an outstanding balance of 8,800 RB for Optional Origin Sales, all allocated to Pakistan. Furthermore, for 2024/2025, the exports for own account outstanding balance stood at 8,400 RB, all destined for China.
Overall, the latest USDA data highlights the robust demand for U.S. cotton, with key markets showing strong interest in both Upland and Pima cotton. Despite a slight dip in weekly exports, the overall upward trend in sales reflects growing global demand, driven by countries such as Pakistan, Vietnam, and China. As global cotton trade remains dynamic, the USDA's report suggests continued market strength in the near future.
(By Commoditiescontrol Bureau; +91 98201 30172)
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