NEW DELHI, Jan 5: US cotton net sales were at 131,100 running bales (RB) for the week ended December 28 in the marketing year 2023/2024 starting August 1, down 65 percent from the previous week and 24 percent from the prior 4-week average..
US cotton net sales were at 369,900 RB for the week ended December 21.
Increases were primarily for China (50,700 RB, including decreases of 1,300 RB), Vietnam (31,800 RB, including 1,900 RB switched from Macau and 400 RB switched from Japan), Pakistan (25,600 RB), Bangladesh (10,800 RB), and Turkey (4,300 RB), were offset by reductions for Macau (1,900 RB).
Exports of 213,200 RB were down 8 percent from the previous week, but up 15 percent from the prior 4-week average. The destinations were primarily to China (147,600 RB), Vietnam (12,800 RB), Pakistan (10,300 RB), Bangladesh (8,800 RB), and Indonesia (4,800 RB).
Net sales of Pima totaling 2,100 RB for 2023/2024 were down 48 percent from the previous week and 59 percent from the prior 4-week average.
Increases were reported for China (1,300 RB), Thailand (400 RB), Japan (200 RB), Malaysia (100 RB), and Bangladesh (100 RB). Exports of 4,100 RB were up 16 percent from the previous week, but down 49 percent from the prior 4-week average. The destinations were to China (2,600 RB), Vietnam (800 RB), India (600 RB), and El Salvador (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, exports for own account totaling 2,300 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 98,900 RB are for China (75,800 RB), Vietnam (14,500 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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