US cotton exports see notable increase over last week: USDA

According to the export sales report from the US Department of Agriculture (USDA) for the week ending May 2, US cotton export sales increased for China (119,000 RB, including a decrease of 2,000 RB), Pakistan (36,300 RB), Vietnam (27,500 RB, including 1,800 RB switched from South Korea), Turkiye (21,500 RB, including a decrease of 400 RB), and Indonesia (19,600 RB, including 100 RB switched from Japan and a decrease of 2,100 RB). However, these higher shipments were offset by reductions for South Korea (500 RB).

Net sales of Upland cotton for 2024-25 reached 158,900 RB. The shipments were recorded primarily for Honduras (44,600 RB), South Korea (31,700 RB), Mexico (28,500 RB), Pakistan (22,000 RB), and Bangladesh (9,900 RB). Exports of 249,600 RB were up 39 per cent from the previous week and 2 per cent from the prior four-week average. The primary destinations were China (102,300 RB), Turkiye (50,900 RB), Pakistan (20,400 RB), Bangladesh (18,100 RB), and Vietnam (13,300 RB).

Net sales of Pima cotton totalled 5,600 RB for 2023-24, up 22 per cent from the previous week but down 19 per cent from the prior four-week average. Increases primarily for India (2,100 RB), Peru (1,700 RB), China (900 RB), Thailand (400 RB), and Vietnam (400 RB) were offset by reductions for Guatemala (100 RB). Exports of 8,200 RB were up 80 per cent from the previous week but down 10 per cent from the prior four-week average. The primary destinations were China (4,000 RB), India (1,800 RB), Vietnam (1,300 RB), Turkiye (500 RB), and Pakistan (300 RB).

Fibre2Fashion News Desk (KUL)