Brazil: Cotton and Products Update
Post forecasts Brazil’s 2015/16 cotton area to drop to 900,000 hectares (ha), a nine percent drop compared to the previous year. The planted area reduction is a result of the high cost of production and the high cost to borrow money. Post adjusted the planted area for 2014/15 to 994 ha based on new government data. Exports are forecast to reach 4 million bales due to its competiveness as a result of the weaker Brazilian Real.
