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Brazil's cotton sector is experiencing a remarkable expansion, poised for a record-breaking production season in 2023-24, despite encountering certain challenges along the way. Recent estimates from the Centre for Advanced Studies on Applied Economics (CEPEA) reveal promising growth prospects, underpinned by a surge in cultivation areas and robust export performance.

In the latest weekly report released by the United States Department of Agriculture (USDA), it was revealed that net cotton export sales of Upland for the week ending on March 29th to April 4th, 2024, amounted to 81,500 RB (running bales of 226.8 kg or 500 pounds) for the 2023-24 season. This figure represented a 4% decrease from the previous week and a 10% decline from the prior 4-week average. While the decline in US cotton exports was limited during this week, the continued slowdown in export sales is viewed as a negative factor for the market.

Norman Chapman, Chairman of the National Council of Textile Organizations (NCTO), delivered a sobering assessment of the state of the U.S. textile industry during the organization's 20th Annual Meeting on April 11th. Chapman's address shed light on the significant economic hurdles confronting the industry, exacerbated by predatory trade practices and customs fraud that threaten the integrity of the domestic supply chain.

  1. Brazil's Cotton Export Surges Amidst Domestic Market Challenges
  2. Brazilian Cotton Prices Experience 2.18% Surge in Mid-February
  3. US Initiates Examination of Apparel Sourcing Countries Amid Shifting Market Dynamics
  4. Brazil Achieves Record Cotton Production Amid Global Supply Surge