NEW DELHI, Feb 8: US cotton net sales were at 284,100 running bales (RB) for the week ended February 1 in the marketing year 2023/2024 starting August 1, down 19 percent from the previous week and 8 percent from the prior 4-week average.
US cotton net sales were at 349,400 RB for the week ended January 25.
Increases were primarily for China (118,800 RB, including decreases of 3,500 RB), Turkey (57,100 RB), Vietnam (29,000 RB, including 13,200 RB switched from China, 1,000 RB switched from Japan, and decreases of 1,700 RB), Bangladesh (24,200 RB), and Costa Rica (19,200 RB), were offset by reductions for Mexico (1,100 RB).
Net sales of 34,600 RB for 2024/2025 were primarily for Costa Rica (15,000 RB), Vietnam (5,100 RB), Honduras (4,800 RB), Turkey (4,400 RB), and Mexico (3,100 RB).
Exports of 248,500 RB were down 37 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to China (98,700 RB), Vietnam (46,900 RB), Mexico (18,500 RB), Pakistan (16,600 RB), and Turkey (13,600 RB).
Net sales of Pima totaling 9,500 RB for 2023/2024 were down 29 percent from the previous week, but up 61 percent from the prior 4-week average.
Increases were primarily for China (4,600 RB), Pakistan (1,800 RB), India (1,100 RB), Peru (1,000 RB), and Italy (800 RB).
Exports of 11,900 RB were up 7 percent from the previous week and 3 percent from the prior 4-week average. The destinations were primarily to China (3,800 RB), India (3,500 RB), Peru (1,200 RB), Pakistan (1,200 RB), and Vietnam (1,100 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 1,200 RB were to China. Exports for own account totaling 4,900 RB to China were applied to new or outstanding sales. The current exports for own account outstanding balance of 75,300 RB are for China (53,500 RB), Vietnam (13,200 RB), Pakistan (5,000 RB), South Korea (2,400 RB), and Turkey (1,200 RB).
Export Adjustment: Accumulated exports of pima to Japan were adjusted down 86 RB for week ending January 25th. This shipment was reported in error.
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