Brazilian cotton production and exports are on the rise in 2023/24

Cotton picking in Brazil is 94% completed as of September 18, 2023, and the country is expected to produce a record crop of 3.07 million tonnes in 2023/24. This represents a 1% increase over the previous season.

Brazil is also estimated to export 2.4 million tonnes of cotton in 2023/24, a 66% increase over the previous year.

This is due to a combination of factors, including the larger crop, improved quality, and strong global demand.

Brazilian cotton quality is improving, with 96% of samples within the desired micronaire range in 2023/24. Fibre strength and length have also improved.

Overall, the Brazilian cotton sector is poised for a strong year in 2023/24. With a larger crop and improved quality, Brazil is well-positioned to meet the growing global demand for cotton.

Additional details:

• Brazil exported 104.3 thousand tonnes of cotton in August 2023, up 66% from the same month in 2022.
• The average cotton yield in Brazil is expected to be 1,840 kg/ha in 2023, an increase of 18.9% over the previous year.
• The main destinations for Brazilian cotton exports are China, Bangladesh, Vietnam, and Pakistan.

Summation:

The Brazilian cotton sector is a major player in the global market. With its large production and export volumes, Brazil is well-positioned to meet the growing global demand for cotton.