Cotton Production In Brazil Is Increasing; Exports Have Reached 400000 Tons

Brazil cotton Advisory Committee (conab) latest forecast of cotton in 2010 / 11 yield It was 2027600 tons, increased by 77400 tons compared with March, and increased by 69.8% compared with 2009 / 10. Brazilian cotton exporter association (anea) forecasts that the cotton production in 2010 / 11 will be 1.99 million tons, and that in 2011 / 12 will be more than 2 million tons.

A few days ago, the US agricultural counsellor reported that Brazil cotton in 2011 / 12 seeded area It is estimated to be 23.25 million mu, with a year-on-year increase of 15%; Cotton output was 2.177 million tons, up 17% year on year.

According to the report, the obvious expansion of cotton planting area in Brazil is due to strong domestic demand and high futures prices. However, due to the bad weather in 2010 / 11 cottonseed Production and quality inspection both declined, so the new year's sowing may face a shortage of cottonseed supply.

According to the report, Brazil's cotton exports in 2011 / 12 are expected to increase by 86%, reaching a record 893000 tons. According to Brazilian industry insiders, up to now, the contracted cotton volume in 2011 / 12 has reached nearly 400000 tons.

According to Brazil Agriculture According to the latest forecast of the Ministry of agriculture, the cotton planting area in Brazil in 2010 / 11 will be 19.5 million mu and the cotton output will be 1.96 million tons, increasing by 65% and 62% respectively over the same period of last year.