According to the weekly export sales report released by USDA today, export sales increased mainly in China (92,600 bales (RB), including a decrease of 3,500 RB), Pakistan (9,600 RB), Vietnam South (9,000 RBs, including 1,800 RBs transferred from China and 100 RBs transferred from Korea), Bangladesh (5,500 RBs) and El Salvador (3,900 RBs). However, this was offset by a decrease for Costa Rica (600 RB).
U.S. upland cotton net export receipts for the 2023-24 season reached RB146,100, marking a 79% increase from the previous week and 64% above the four-week average, according to Department of Agriculture estimates. US industry for the week ending April 11, 2024. This spike in cotton sales could signal a positive change in the downward trend in ICE cotton prices.
Net sales of new cotton for the next season 2024-25 were recorded at 80,100 RB, mainly in Honduras (45,100 RB), Peru (10,500 RB), Pakistan (6,600 RB), Bangladesh (6,600 RB) and Mexico ( 6,500 RB). Exports of 266,700 RB were down 3% from the previous week and down 24% from the previous four-week average. The main destinations are China (112,700 RB), Pakistan (46,700 RB), Vietnam (36,400 RB), Turkiye (27,100 RB) and Mexico (7,600 RB).
Pima's net sales, which totaled 2,700 RBs in 2023-24, were down 66% from last week and 57% from the previous four-week average. Increases reported in India (2,500 RB, including 500 RB transferred from Italy), Brazil (400 RB), Bangladesh (200 RB), Thailand (100 RB) and Vietnam (100 RB), were offset compensated by the reduction in Italy (500 RB). ) and Japan (100 RB). Exports of 5,900 RB were down 63% from the previous week and 12% from the previous 4-week average. The main destinations are India (3,100 RB), China (700 RB), Brazil (700 RB), Egypt (400 RB) and Italy (300 RB).
Fiber2 Fashion News Desk (KUL)
