US cotton exports down 45% from last week: USDA

According to the export sales report from the US Department of Agriculture (USDA) for the week ending April 25, cotton export sales increased primarily for Vietnam (29,600 RB, including 1,100 RB switched from South Korea and 400 RB switched from Japan), Pakistan (17,400 RB), China (15,000 RB, including decreases of 3,600 RB), India (7,100 RB, including decreases of 100 RB), and Bangladesh (6,300 RB). However, the gain was offset by reductions for South Korea (1,100 RB) and Mexico (600 RB).

Net sales of 34,400 RB for the next crop year 2024-25, primarily for Vietnam (9,200 RB), Turkiye (7,500 RB), Mexico (5,400 RB), Pakistan (4,400 RB), and Ecuador (4,400 RB), were offset by reductions for Guatemala (4,000 RB). Exports of 180,000 RB were down 31 per cent from the previous week and 39 per cent from the prior 4-week average. The destinations were primarily China (56,100 RB), Pakistan (30,200 RB), Turkiye (25,400 RB), Vietnam (16,100 RB), and Mexico (7,600 RB).

US cotton net sales of Pima totalling 4,600 RB for 2023-24 were down 63 per cent from the previous week and 25 per cent from the prior 4-week average. Increases were reported for Vietnam (1,800 RB), China (1,500 RB), India (600 RB, including decreases of 800 RB), Colombia (500 RB), and Pakistan (200 RB). Exports of 4,600 RB were down 55 per cent from the previous week and 51 per cent from the prior 4-week average. The destinations were India (1,900 RB), China (1,700 RB), Pakistan (600 RB), Thailand (200 RB), and Colombia (200 RB).

Fibre2Fashion News Desk (KUL)