Brazil: Cotton and Products Annual
Link to report:
Post forecasts cotton planted area at 1.7 million hectares in the 2020/21 marketing year (MY), up from 1.68 million hectares in 2019/20 MY. Production is forecast to increase to 13.5 million bales, from 13 million bales in the current season. The forecast for marginal expansion breaks sharply with explosive growth recorded by the sector in the last five years; in 2015/16 season farmers produced under 6 million bales on less than 1 million hectares of planted area. Exports are forecast to contract to 8.5 million bales in 2020/21, from 8.9 million bales in 2019/20. The contraction is forecast on falling global demand due to global economic deceleration on the back of the unfolding coronavirus pandemic currently circling the globe. Domestic consumption is also forecast to decrease for the same reason, to 3.2 million bales in 2020/21, from 3.3 million bales in the current season.
