For current marketing year (August 2005-February 2006), Brazil has come up as the major cotton exporter of the world, especially in Asia.
For the first seven month, Brazilian cotton exports accounted record 1.73 million bales.
China was the biggest importer of the cotton reporting 387,000 bales, followed by Pakistan which imported 377,000 bales.
China, Pakistan, Indonesia and Japan all combined, account for over 60 percent of the Brazil's cotton exports.
Experts have forecast that cotton exports would grow at 28 percent touching 2 million bales in 2005-06.
In 2004-05, Indonesia, Japan and Pakistan were the leading consumers of the Brazilian cotton.
Brazil's cotton production has been witnessing healthy growth, in 2004-05 registered 5.9 million bales and in 2003-04 reported 6 million bales but for 2005-06 its cotton area is forecasted to decline at 27 percent and production would fall at 20 percent.
In 2000-01, Brazil had imported 6 lakhs bales, but rising production levels during last five years, has reduced the imports to just about 2 lakh bales in 2005-06.
marketing@alchempro.com
