NEW DELHI, March 14: US cotton net sales were at 85,800 running bales (RB) for the week ended March 7 in the marketing year 2023/2024 starting August 1, up 65 percent from the previous week, but down 10 percent from the prior 4-week average.
US cotton net sales were at 52,000 RB for the week ended February 29.
Increases were primarily for Turkey (30,700 RB, including decreases of 100 RB), China (28,200 RB, including decreases of 7,900 RB), Mexico (13,300 RB, including decreases of 800 RB), Vietnam (9,200 RB, including 2,700 RB switched from China, 2,200 RB switched from South Korea, 200 RB switched from Japan, and decreases of 200 RB), and Indonesia (5,900 RB, including 100 RB switched from Japan), were offset by reductions for Pakistan (13,300 RB), South Korea (1,300 RB), and Bangladesh (700 RB).
Net sales of 112,700 RB for 2024/2025 were reported for Guatemala (87,100 RB), Honduras (25,400 RB), and Japan (200 RB).
Exports of 293,300 RB were down 11 percent from the previous week, but up 4 percent from the prior 4-week average. The destinations were primarily to China (117,100 RB), Pakistan (51,900 RB), Vietnam (41,700 RB), Bangladesh (24,000 RB), and Turkey (21,000 RB).
Net sales of Pima totaling 6,800 RB for 2023/2024 were down 38 from the previous week, but up 9 percent from the prior 4-week average.
Increases were primarily for India (2,400 RB), China (2,200 RB), Pakistan (600 RB), Thailand (400 RB), and Italy (400 RB). Exports of 6,500 RB were up 3 percent from the previous week and 35 percent from the prior 4-week average.
The destinations were primarily to India (2,500 RB), China (1,500 RB), Peru (1,100 RB), Pakistan (500 RB), and Turkey (400 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, new exports for own account totaling 3,100 RB were to China. Exports for its own account totaling 700 RB to China were applied to new or outstanding sales. The current exports for its own account outstanding balance of 78,200 RB are for China (56,400 RB), Vietnam (13,200 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
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