Brazil: Cotton and Products Update
Post forecasts 2014/15 area planted to cotton at one million hectares with cotton production reaching 6.9 million bales (1.5 million metric tons). The reduction in area is due to current low domestic and global prices, a major disincentive for farmers opting to plant cotton as a second crop after the soybean harvest. Post increased its export forecast for 2014/15 Marketing Year to 3.0 million bales based on an expected weaker Brazilian Real and the strong export pace since August.
