Cotton Brazil holds sellers mission in Dhaka as demand increases

With rising cotton prices affecting Asian garment manufacturers, traders and merchants, the industry is facing a lack of supply with diminishing crop yields amongst top global cotton exporters.

As several Asian countries require more imports to overcome domestic shortages, the demand for Brazilian cotton has increased and has accelerated Brazil to become the fourth largest cotton producer and second largest exporter in the market, an official press release said.

Brazil has shipped 1.519 million tonnes of cotton between August 2021 and April 2022, generating revenues worth $2,827 billion. The country is projecting the total cotton shipments to be 1.90 million tonnes for the next cycle, the press release said.

“However, we are aware of the harmful effects caused from unsustainable cotton growing systems and continue to work towards reducing the environmental impact of cotton farming practices,” ABRAPA president Julio Cezar Busato said.

Fibre2Fashion News Desk (DS)