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US Upland cotton sales down 44%, Pima up 5% this week: USDA

12 Sep '24
2 min read
US Upland cotton sales down 44%, Pima up 5% this week: USDA
Pic: Adobe Stock

Insights

  • Net sales of Upland cotton for the 2024-25 season in the US totalled 116,100 RB, down 44 per cent from the previous week.
  • Major buyers were Vietnam, Pakistan and India, with reductions from China and Guatemala.
  • Exports reached 119,100 RB, with China as the top destination.
  • Pima cotton sales increased by 5 per cent to 10,600 RB, mainly driven by India.
The net sales of Upland cotton in the United States for the 2024-25 season totalled 116,100 RB, with each bale weighing 226.8 kg (500 pounds), which was down 44 per cent from the previous week and 15 per cent from the prior 4-week average.

According to the USDA's export sales report for the week ending September 5, the increases in sales were primarily for Vietnam (65,700 RB, including 28,400 RB switched from China and a decrease of 3,300 RB), Pakistan (27,500 RB), India (13,400 RB), Bangladesh (8,200 RB), and Taiwan (6,700 RB), which were offset by reductions for China (26,300 RB), Guatemala (2,400 RB), Jamaica (1,300 RB), and Mexico (1,000 RB).

Exports for the week totalled 119,100 RB, down 27 per cent from the previous week and 22 per cent from the prior 4-week average. The primary destinations were China (28,600 RB), Vietnam (25,000 RB), Pakistan (16,000 RB), Bangladesh (10,500 RB), and Turkiye (6,900 RB).

Net sales of Pima cotton totalling 10,600 RB for 2024-25 were up 5 per cent from the previous week, but down 32 per cent from the prior 4-week average. The increases were primarily for India (5,400 RB, including a decrease of 1,000 RB), Pakistan (2,900 RB), Peru (1,500 RB), Bangladesh (600 RB), and Japan (200 RB).

Exports of 7,400 RB were up 23 per cent from the previous week, but down 3 per cent from the prior 4-week average. The primary destinations were India (2,700 RB), Vietnam (1,200 RB), Peru (1,100 RB), Bangladesh (1,000 RB), and China (500 RB).

Fibre2Fashion News Desk (KUL)

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