US cotton exports dip as new season sales climb this week: USDA

According to the export sales report from the US Department of Agriculture (USDA) for the week ending July 25, cotton sales for 2024-25 were primarily for China (650,100 RB), Pakistan (419,800 RB), Vietnam (215,200 RB), India (22,800 RB), and Turkiye (13,600 RB). These sales were offset by reductions for El Salvador (3,000 RB) and South Korea (700 RB).

This week, exports of 129,900 RB were down 1 per cent from the previous week and 11 per cent from the prior 4-week average. The primary destinations were China (27,900 RB), Vietnam (18,400 RB), Pakistan (14,300 RB), Indonesia (14,000 RB), and Mexico (10,100 RB).

Net sales reductions of Upland cotton totalled 1,085,800 RB. The reductions, primarily for China (597,300 RB), Pakistan (369,100 RB), and Vietnam (126,100 RB), were only partially offset by increases for Indonesia (3,000 RB, including decreases of 1,100 RB), Mexico (3,000 RB), Japan (1,400 RB), Thailand (700 RB), and Honduras (400 RB).

Net sales of 4,500 RB for 2024-25 of Pima cotton were primarily for Pakistan (2,900 RB), India (500 RB), China (400 RB), the United Arab Emirates (400 RB), and Thailand (100 RB). Exports of 4,600 RB were up noticeably from the previous week and 12 per cent higher than the prior 4-week average. The main destinations were India (2,900 RB), Pakistan (900 RB), Vietnam (500 RB), and Turkiye (300 RB). No net sales of Pima cotton for 2023-24 were reported for the week.

Fibre2Fashion News Desk (KUL)