US cotton net export sales for Feb 23-29 at 52,000 RB, up 30 percent W/W

NEW DELHI, March 7: US cotton net sales were at 52,000 running bales (RB) for the week ended February 29 in the marketing year 2023/2024 starting August 1, up 30 percent from the previous week, but down 66 percent from the prior 4-week average.

US cotton net sales were at 40,000 RB for the week ended February 22.

Increases were primarily for Bangladesh (34,300 RB), Vietnam (24,300 RB, including 7,800 RB switched from China, 400 RB switched from Macau, and 100 RB switched from South Korea), Turkey (23,100 RB), Peru (6,700 RB, including decreases of 200 RB), and Mexico (2,600 RB), were offset by reductions for China (30,300 RB), Pakistan (12,500 RB), Hong Kong (1,100 RB), Macau (400 RB), and South Korea (100 RB).

Net sales of 15,100 RB for 2024/2025 reported for Indonesia (13,200 RB), South Korea (5,300 RB), and Mexico (2,400 RB), were offset by reductions for Pakistan (5,800 RB).

Exports of 330,800 RB were up 24 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to China (130,600 RB), Vietnam (60,900 RB), Pakistan (30,100 RB), Turkey (26,900 RB), and Bangladesh (19,700 RB).

Net sales of Pima totaling 11,100 RB for 2023/2024 were up noticeably from the previous week and up 88 percent from the prior 4-week average.

Increases were primarily for China (4,100 RB), India (3,300 RB), Peru (1,000 RB), Costa Rica (900 RB), and Turkey (800 RB).

Exports of 6,400 RB were up 43 percent from the previous week and 2 percent from the prior 4-week average. The destinations were primarily to China (3,100 RB), India (1,600 RB), Turkey (500 RB), Thailand (400 RB), and Vietnam (300 RB).

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

Exports for Own Account: For 2023/2024, new exports for own account totaling 2,900 RB were to China. The current exports for its own account outstanding balance of 75,900 RB are for China (54,100 RB), Vietnam (13,200 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).