USDA reports significant cotton carryover & sales shifts for 2024-25

09 Aug '24

2 min read

USDA reports significant cotton carryover & sales shifts for 2024-25

Pic: Adobe Stock

Insights

USDA reported that 979,900 running bales of Upland cotton were carried over from the 2023-24 marketing year.
Net sales reductions for the 2024-25 year totalled 949,600 RB, with increases for countries like India and Mexico offset by reductions for China and Pakistan.
Exports for the period ending 31 July totalled 11,070,400 RB, a 6 per cent YoY decrease.

The US Department of Agriculture (USDA) has reported that a total of 979,900 running bales (RB), each weighing 226.8 kg or 500 pounds, of Upland cotton were carried over from the 2023-24 marketing year, which ended on July 31.

According to the USDA's export sales report for the week ending August 1, net sales reductions totalling 949,600 RB for the 2024-25 marketing year, which began on August 1, resulted in increases primarily for India (43,600 RB, including decreases of 8,800 RB), Mexico (40,400 RB, including decreases of 900 RB), Costa Rica (25,900 RB), Turkiye (15,100 RB, including decreases of 800 RB), and Guatemala (5,000 RB). These increases were more than offset by reductions primarily for China (603,200 RB), Pakistan (372,200 RB), and Vietnam (111,800 RB).

Net sales of 11,500 RB for the 2025-26 marketing year were reported for Mexico (4,700 RB), Costa Rica (3,500 RB), El Salvador (2,000 RB), and Japan (1,300 RB).

Exports for the period ending July 31 totalled 738,100 RB, bringing accumulated exports to 11,070,400 RB, a 6 per cent decrease from the previous year's total of 11,777,500 RB. The primary destinations were China (273,400 RB, including 245,300 RB - late reporting), Vietnam (121,900 RB, including 94,500 RB - late reporting), Pakistan (102,300 RB, including 93,700 RB - late reporting), Bangladesh (52,700 RB, including 40,500 RB - late reporting), and Mexico (41,500 RB, including 33,000 RB - late reporting).

Exports for August 1, totalled 21,600 RB, primarily to China (4,600 RB), Pakistan (3,900 RB), Peru (3,400 RB), Costa Rica (2,700 RB), and Honduras (2,100 RB).

Net sales of Pima cotton totalling 7,700 RB for the 2024-25 marketing year were primarily for Vietnam (2,200 RB), India (2,100 RB, including decreases of 500 RB), China (1,600 RB, including decreases of 200 RB), Pakistan (1,100 RB, including decreases of 400 RB), and Egypt (400 RB).

A total of 29,100 RB in sales were carried over from the 2023-24 marketing year, which ended on July 31. Exports, for the period ending July 31, totalled 1,700 RB, bringing accumulated exports to 321,800 RB, a 6 per cent increase from the previous year's total of 305,000 RB. The destinations were India (1,400 RB), Turkiye (100 RB), Thailand (100 RB), and Taiwan (100 RB). Exports for August 1 totalled 1,700 RB, primarily to Peru (800 RB) and China (400 RB).

Fibre2Fashion News Desk (KUL)

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