MUMBAI, 12 Dec (Commoditiescontrol): The USDA’s latest export sales report for the week ending December 5, 2024, highlights mixed performance in the U.S. cotton export market. While net sales of upland cotton declined, Pima cotton sales saw significant improvement compared to the previous week.
Net sales of upland cotton for the 2024/2025 marketing year reached 153,000 running bales (RB), marking a 10% decline from the previous week and a 37% drop from the prior four-week average. The decrease was primarily attributed to reductions in sales to Hong Kong (-4,900 RB) and China (-4,200 RB), offsetting increases for Vietnam (75,800 RB, including adjustments), Pakistan (50,700 RB), Malaysia (10,000 RB), Turkey (9,300 RB), and Bangladesh (6,600 RB). Net sales for the 2025/2026 marketing year totaled just 3,300 RB, all for Japan.
Exports of upland cotton totaled 137,400 RB, down 13% from the previous week but consistent with the four-week average. Major destinations included Pakistan (29,200 RB), China (27,800 RB), and Vietnam (17,000 RB). Late reporting added 9,291 RB to net sales, primarily for Mexico (4,785 RB), Vietnam (3,969 RB), and Japan (537 RB).
Net sales of Pima cotton showed a sharp increase, reaching 6,900 RB for 2024/2025, an 85% rise from the previous week, though still 3% below the prior four-week average. The sales were driven by demand from India (3,700 RB), China (1,300 RB), Peru (900 RB), Thailand (500 RB), and Egypt (400 RB), offset by minor reductions for Italy (-300 RB) and Japan (-100 RB).
Exports of Pima cotton were recorded at 6,500 RB, a 13% increase from the previous week and in line with the four-week average. Key destinations included China (3,100 RB), India (1,000 RB), and Pakistan (1,000 RB).
Outstanding optional origin sales for 2024/2025 remained at 8,800 RB, all destined for Pakistan. Exports for own account totaled 8,400 RB, all for China.
In the previous report, upland cotton net sales were higher at 169,900 RB, with exports totaling 158,200 RB. This week’s figures reflect a slowdown in trade activity, particularly with reductions in Chinese purchases. Pima cotton sales, however, surged significantly from 3,700 RB in the previous report, indicating growing demand from markets like India and China.
The cotton export market faces mixed signals. While demand for Pima cotton has strengthened, upland cotton sales have softened due to reduced purchases from key markets like China. Analysts anticipate a cautious market in the coming weeks, with sustained demand for high-quality cotton varieties offering potential support amid broader trade fluctuations.
(By Commoditiescontrol Bureau; +91 98201 30172)
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