According to statistics from relevant Brazilian departments, Brazilian cotton exports reached 370,000 tons in December 2020, a year-on-year increase of 33.1%, a record high; throughout 2020, Brazil’s cumulative cotton exports reached 2.126 million tons, a year-on-year increase of more than 10%, a new high in recent years.
Several international cotton merchants and large importing companies stated that although the Brazilian cotton basis has continued to increase since October last year, which has led to a decline in cost performance, the raging new crown epidemic in Brazil has affected transportation, and coupled with the soaring sea freight, etc. Negative factors such as these have made Brazilian cotton less attractive to domestic cotton textile companies and middlemen. However, according to customs statistics, in October and November, my country’s imports of Indian cotton achieved “overtaking” Brazilian cotton, second only to U.S. cotton. , while the proportion of Brazilian cotton fell from second to third place.
However, considering that Chinese buyers signed contracts to import Brazilian cotton from January to September 2020, which has been booming, and yarn mills in Vietnam, Pakistan, Turkey and other countries have continued to pay attention to Brazilian cotton and their purchasing capabilities have continued to increase, Brazil’s 2020 Cotton exports are still very strong, “keeping pace” with US cotton, leaving competitors Indian cotton, Australian cotton and West African cotton far behind.
According to the forecasts of the Brazilian Cotton Growers Association and CONAB, the La Niña climate has caused continued drought in the main cotton-producing areas Mato Grosso and Bahia; coupled with the global corn and soybean demand in 2020 And other crop prices have risen sharply (according to CBOT statistics, corn futures rose by 24.8% in 2020, the largest annual increase in the past 10 years; soybeans rose by 37.2% for the whole year, the highest level in six and a half years), so Brazilian cotton planting in 2020 A passive decline in area is inevitable (a decrease of more than 10%); while the consumer demand for medium and low-quality Brazilian cotton in Vietnam, Pakistan, Bangladesh and other countries is rising rapidly, and competition with Chinese buyers has become more intense. Brazilian cotton has replaced Australian cotton. The pace of cotton, American cotton and Indian cotton is unstoppable. </p
