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US Upland cotton sales down 47%, Pima 66% this week: USDA

06 Dec '24
2 min read
US Upland cotton sales down 47%, Pima 66% this week: USDA
Pic: Adobe Stock

Insights

  • US cotton exports for the 2024-25 season showed significant fluctuations.
  • Upland cotton sales decreased by 47 per cent week-over-week, while Pima sales dropped 66 per cent.
  • Notable increases in export destinations included Vietnam, Pakistan, and China.
  • Overall exports rose by 21 per cent compared to the previous week, primarily to Asian countries.
Net sales of Upland cotton in the United States for the 2024-25 season totalled 170,700 running bales (RB), each weighing 226.8 kg (500 pounds), for the week ending November 28. This represents a steep fall of 47 per cent from the previous week and 33 per cent from the prior four-week average.

According to the USDA’s export sales report for the week ending November 28, there were significant sales increases primarily for Vietnam (84,300 RB, including 900 RB switched from Hong Kong), Pakistan (36,700 RB), Turkiye (20,400 RB), China (12,700 RB), and Colombia (9,300 RB), which were offset by reductions for Hong Kong (900 RB).

Exports of 157,500 RB for the week were up 21 per cent from the previous week and 18 per cent from the prior four-week average. The destinations were primarily Pakistan (31,500 RB), China (24,800 RB, including decreases of 4,400 RB), Vietnam (20,900 RB), Mexico (12,400 RB), and Bangladesh (10,100 RB).

Net sales of Pima, totalling 3,700 RB for 2024-25, were down 66 per cent from the previous week and 60 per cent from the prior four-week average. Increases were primarily for India (2,300 RB), Thailand (400 RB), Peru (300 RB), Turkiye (300 RB), and China (200 RB). Exports of 5,700 RB were down 28 per cent from the previous week and 17 per cent from the prior four-week average. The destinations were primarily to India (2,000 RB), Peru (1,100 RB), Vietnam (1,000 RB), China (900 RB), and Pakistan (400 RB).

ALCHEMPro News Desk (KUL)

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