According to the weekly export sales report released today by the USDA, the increase in export sales was noted primarily for China (92,600 running bales (RB), including decreases of 3,500 RB), Pakistan (9,600 RB), Vietnam (9,000 RB, including 1,800 RB switched from China and 100 RB switched from South Korea), Bangladesh (5,500 RB), and El Salvador (3,900 RB). However, this was offset by reductions for Costa Rica (600 RB).
Net sales for new cotton for the next season 2024-25 were recorded at 80,100 RB, primarily for Honduras (45,100 RB), Peru (10,500 RB), Pakistan (6,600 RB), Bangladesh (6,600 RB), and Mexico (6,500 RB). The exports of 266,700 RB were down 3 per cent from the previous week and 24 per cent from the prior 4-week average. The main destinations were China (112,700 RB), Pakistan (46,700 RB), Vietnam (36,400 RB), Turkiye (27,100 RB), and Mexico (7,600 RB).
Net sales of Pima, totalling 2,700 RB for 2023-24, were down 66 per cent from the previous week and 57 per cent from the prior 4-week average. Increases reported for India (2,500 RB, including 500 RB switched from Italy), Brazil (400 RB), Bangladesh (200 RB), Thailand (100 RB), and Vietnam (100 RB), were offset by reductions for Italy (500 RB) and Japan (100 RB). Exports of 5,900 RB were down 63 per cent from the previous week and 12 per cent from the prior 4-week average. The primary destinations were India (3,100 RB), China (700 RB), Brazil (700 RB), Egypt (400 RB), and Italy (300 RB).
Fibre2Fashion News Desk (KUL)