Brazil: Cotton and Products Annual
Post forecasts cotton planted area for 2017/18 to increase to one million hectares based on higher prices and domestic demand. Production for 2017/18 is forecast at seven million bales (1.52 million metric tons). For Marketing Year 2017/18, post forecasts consumption to increase to 3.44 million bales (750,000 MT) as a result of an expected economic recovery and higher consumer confidence, which should lead to increased textile sales. Post forecasts cotton exports to increase to 3.2 million bales for the MY 2017/18 as a result of higher exportable supplies.
