According to the export sales report from the US Department of Agriculture (USDA) for the week ending July 11, the increases were noted primarily for Vietnam (6,800 RB, including 600 RB switched from South Korea), China (5,600 RB), Pakistan (5,500 RB), Turkiye (4,600 RB, including decreases of 3,700 RB), and Nicaragua (4,400 RB), which were offset by reductions for Malaysia (4,000 RB) and South Korea (3,300 RB).

For this week, the net sales of 165,600 RB for 2024-25 were primarily for China (32,100 RB), Malaysia (31,700 RB), Pakistan (21,700 RB), India (20,300 RB), and Turkiye (13,200 RB). The exports of 113,100 RB were down 30 per cent from the previous week and 33 per cent from the prior 4-week average. The destinations were primarily China (34,400 RB), Pakistan (13,700 RB), Vietnam (11,900 RB), Mexico (11,200 RB), and Bangladesh (9,200 RB).

The net sales of Pima, totalling 3,800 RB for 2023-24, were down 4 per cent from the previous week and 20 per cent from the prior 4-week average. Increases, primarily for India (2,900 RB, including decreases of 400 RB), Thailand (400 RB), Vietnam (300 RB), Peru (300 RB), and South Korea (200 RB), were offset by reductions for Italy (400 RB). Total net sales of 2,100 RB for 2024-25 were for Peru. Exports of 4,300 RB were up noticeably from the previous week but down 21 per cent from the prior 4-week average. The destinations were primarily India (2,900 RB), Thailand (400 RB), Pakistan (300 RB), Peru (300 RB), and South Korea (200 RB).

As for the optional origin sales for 2023-24, the current outstanding balance is 4,400 RB, all for Bangladesh. For 2024-25, the current outstanding balance is 8,800 RB, all for Pakistan.

For 2023-24, exports for own account, totalling 1,300 RB to China, were applied to new or outstanding sales. The current exports for own account outstanding balance of 106,900 RB are for China (80,000 RB), Vietnam (14,700 RB), Pakistan (7,300 RB), South Korea (3,700 RB), and Turkiye (1,200 RB).

Fibre2Fashion News Desk (KUL)