US cotton exports rise in week ending May 23: USDA

According to the export sales report from the US Department of Agriculture (USDA) for the week ended May 23, the export sales increased primarily for China (191,900 RB, including 400 RB switched from Hong Kong), Vietnam (8,500 RB, including 900 RB switched from China, 300 RB switched from Japan, and decreases of 500 RB), Bangladesh (5,900 RB, including decreases of 200 RB), Turkiye (5,100 RB, including decreases of 200 RB), and South Korea (4,400 RB). However, the increases in the exports were offset by reductions for Guatemala (7,100 RB) and Hong Kong (400 RB).

For the coming season 2024-25, Upland cotton’s net export sales of 78,100 RB were primarily reported for Turkiye (26,400 RB), El Salvador (20,900 RB), Thailand (8,800 RB), Guatemala (7,300 RB), and India (4,400 RB). The exports of 172,200 RB were down 16 per cent from the previous week and 21 per cent from the prior 4-week average. The destinations were primarily China (52,500 RB), Turkiye (30,700 RB), Vietnam (20,200 RB), Pakistan (15,300 RB), and Indonesia (12,100 RB).

The net export sales of Pima totalled 5,400 RB for the week ended May 23, down 46 per cent from the previous week and 10 per cent from the prior 4-week average. The increases were primarily for India (2,000 RB), China (1,300 RB), Peru (800 RB), Bangladesh (500 RB), and Vietnam (400 RB).

Total net sales of 200 RB for 2024-25 were for Japan. Exports of Pima cotton reached 6,300 RB, down 53 per cent from the previous week and 20 per cent from the prior 4-week average. The destinations were primarily China (1,900 RB), Vietnam (1,800 RB), Peru (600 RB), Pakistan (600 RB), and India (500 RB).

Fibre2Fashion News Desk (KUL)