The South American country of Brazil is expected to export around 540,000 tons of cotton during the 2014 season, as per the latest supply and demand report released by the country’s National Supply Company (CONAB).

 

According to the CONAB’s estimates, in 2014 Brazil is expected to cultivate cotton which would be sufficient for the consumption needs of the domestic textile industry estimated at 920,000 tons of cotton, as well as meet the international demand, indicating lesser pressure on imports of the crop during the year.

 

The CONAB report also indicated that the overall demand for cotton during 2014, which includes domestic consumption and exports, would be 1.46 million tons.

 

In October 2013, CONAB revealed its forecasts that cotton production in the country would reach 1.67 million tons during the 2013-14 harvest season, and the area planted for cotton cultivation would also rise from 16.8 percent to 22.5 percent in 2013-14.

 

Cotton production totaled 1.3 million tons for the harvest period of 2012-13, which was 31.8 percent lower than the 2011-12 harvest period. The area planted for cotton during the period was 894,000 hectares which was 35.9 percent less compared to 2011-12 season. However, cotton yield during 2012-13 was 1,444 kilos per hectare, which was an increase of 6.3 percent year-on-year.