U.S. Weekly Cotton Export Update for Week Ending August 15, 2024

 

Cotton Export

The latest U.S. cotton export report showcases some intriguing trends for the week ending August 15, 2024, highlighting the global demand and shifting patterns for both Upland and Pima cotton varieties.

Net Sales of Upland Cotton: A Global Reach

Total net sales of Upland cotton for the 2024/2025 season hit 93,000 RB (running bales), with Pakistan leading the pack, securing 24,900 RB (after accounting for a decrease of 500 RB). Other top buyers included:

  • India: 18,300 RB
  • Bangladesh: 16,800 RB (including a reduction of 1,800 RB)
  • Mexico: 12,500 RB
  • Vietnam: 6,800 RB (300 RB were switched from Thailand)

On the flip side, Costa Rica and El Salvador showed reductions in their orders by 6,600 RB and 200 RB, respectively.

Future Sales: Early Interest for 2025/2026

Looking ahead, net sales of 4,900 RB have already been secured for the 2025/2026 season, with key commitments from:

  • Mexico: 3,300 RB
  • El Salvador: 1,200 RB
  • Japan: 400 RB

Export Destinations: Who’s Receiving the Most?

This week saw a robust export of 168,800 RB of Upland cotton, with the top destinations being:

  • Vietnam: 35,700 RB
  • Pakistan: 30,600 RB
  • China: 19,200 RB
  • India: 15,800 RB
  • Turkey: 11,900 RB

Pima Cotton: A Rising Star

Pima cotton is also in demand, with net sales totaling 8,200 RB for the 2024/2025 season. The major buyers were:

  • India: 3,300 RB
  • Peru: 1,700 RB
  • Bangladesh: 1,500 RB
  • Pakistan: 900 RB
  • Vietnam: 300 RB

Pima Cotton Export Highlights

Pima cotton exports reached 5,100 RB, with the primary destinations being:

  • Pakistan: 1,300 RB
  • Vietnam: 1,100 RB
  • India: 700 RB
  • Peru: 500 RB
  • Taiwan: 400 RB
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