US cotton exports down 38% in week ending May 30: USDA

According to the export sales report from the US Department of Agriculture (USDA) for the week ended May 30, the export sales increased primarily for China (71,700 RB, including 1,100 RB switched from Hong Kong and 100 RB switched from Singapore), Pakistan (28,200 RB), Vietnam (25,100 RB, including 400 RB switched from South Korea), El Salvador (3,700 RB), and Bangladesh (3,400 RB). The increases were offset by reductions for Hong Kong (1,100 RB), Taiwan (1,100 RB), South Korea (400 RB), and Singapore (100 RB).

For the next season 2024-25, the net sales of 54,100 RB (during the week ending May 30) were noted primarily for Mexico (28,700 RB), Vietnam (21,100 RB), South Korea (3,300 RB), Pakistan (2,200 RB), and China (2,200 RB). The increases were offset by reductions for Turkiye (4,400 RB) and Honduras (200 RB).

The exports of 157,000 RB (so far for 2024-25) were down 9 per cent from the previous week and 27 per cent from the prior 4-week average. The destinations were primarily to China (56,200 RB), Mexico (15,400 RB), Turkiye (14,600 RB), Pakistan (14,400 RB), and Vietnam (10,500 RB).

Net sales of Pima cotton totalled 2,000 RB for 2023-24 which were down 63 per cent from the previous week and 68 per cent from the prior 4-week average. The increases were reported for Pakistan (900 RB), Bangladesh (400 RB), Peru (400 RB), India (200 RB, including decreases of 1,200 RB), and Vietnam (100 RB). The exports of Pima cotton for 2024-25 reached 8,100 RB, up 29 per cent from the previous week, but down 2 per cent from the prior 4-week average. The destinations were primarily to India (2,700 RB), Ethiopia (1,700 RB), Pakistan (1,000 RB), Vietnam (900 RB), and Brazil (400 RB).

Fibre2Fashion News Desk (KUL)