Brazil Cotton Is Expected To Continue To Increase Production Next Year.
Brazil cotton industry experts said in St Paul on 11 th, because China keeps big.
scale
Import momentum, Brazil cotton next year is expected to continue to increase production, and may be ranked the world's top five cotton production.
Brazil news agency quoted Harol Cunha, director of the Brazil Cotton Research Institute, as saying that cotton production in the country reached 1 million 960 thousand tons this year, a significant increase of 63% over the 1 million 200 thousand tons in 2010.
Cunha predicts 2012
Brazil
Cotton production will continue to increase production momentum, at least 2 million tons breakthrough.
Cunha owes much to the increase in cotton prices in the international market.
He said cotton prices rose to a record $2.195 a pound in March this year, almost three times the price of the previous year.
This has led many farms in Brazil to start producing grain for investment in cotton production.
Cunha said, at present, the world economic recovery is slowing down and the international market is slowing down.
Cotton price
Down to 1.03 dollars per pound.
But as long as prices remain above $1 a pound, cotton producers in Brazil will make profits.
In addition, China's strong import momentum is also conducive to Brazil's cotton production.
From January to September this year, Brazil exported 104 thousand tons of cotton to China, an increase of two times compared to the same period last year.
China has become Brazil
cotton
Largest buyer.
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