Cotton Brazil, a development program for the Brazilian Cotton Growers Association (ABRAPA), recently held its sellers mission event in Dhaka, with the primary focus being on the organisation’s commitment to ensure short-, medium-, and long-term business continuity through the export of Brazilian cotton. In recent years, there has been a rise in the demand for Brazilian cotton as a direct result of cotton shortages in various Asian countries.
As a result of rising cotton prices, Asian garment manufacturers, traders, and merchants are experiencing financial difficulties. Additionally, top global cotton exporters are experiencing a decline in crop yields, which is causing the industry to face a shortage of supply.
According to an official press release, Brazil has moved up to become the fourth largest cotton producer and the second largest exporter in the market as a direct result of the growing demand for Brazilian cotton. The demand for Brazilian cotton has increased because several Asian countries require more imports to overcome domestic shortages.
During the period of August 2021 through April 2022, Brazil shipped 1.519 million tonnes of cotton, which resulted in revenues totaling $2.827 billion. According to the press release, the nation anticipates that the total amount of cotton that it will ship during the following cycle will be 1.90 million tonnes.
According to Julio Cezar Busato, president of ABRAPA, “However, we are aware of the harmful effects caused by unsustainable cotton growing systems and continue to work toward reducing the environmental impact of cotton farming practices.” “However, we are aware of the harmful effects caused from unsustainable cotton growing systems.”
Reference:
“Cotton Brazil Holds Sellers Mission in Dhaka as Demand Increases.” Fibre2fashion.Com, https://www.fibre2fashion.com/news/cotton-news/cotton-brazil-holds-sellers-mission-in-dhaka-as-demand-increases-281373-newsdetails.
