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Brazil’s cotton exports to China to increase with US-China tariff war

Reports by the US Department of Agriculture (USDA) suggests, Brazil exports of cotton to China and other Asian countries are expected to rise for 2018-19 marketing year, partially stemming from US-China trade tensions. Exports are forecast to reach 6 million bales, up from 4.2 million bales from the banner 2017/18 season. The USDA also cited continued improvement in grading and quality of Brazilian product, as a secondary reason why demand of Brazilian cotton from China is expected to rise.

Meanwhile, Brazil's 2018-19 marketing year cotton area is expected to reach 1.4 million hectares, an increase of 19 percent compared to the previous marketing year. The planted area expansion is a result of rising cotton prices and strong export demand. Domestic consumption is forecast at 3.5 million bales, a marginal 3 per cent increase compared to last marketing year, based on increased investment and an increase in economic activity that is expected on the back of positive market sentiment for the incoming administration of President-elect Bolsonaro.

 

 
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