Delayed Sowing Of Cotton In Brazil

 

Weather forecasts show that rainfall in Brazil is expected to be higher than normal in mid March. The rainfall from March to April is particularly important for Brazil's 2020 / 21 cotton, which has just been delayed.

 

Between February 19 and 25, 24922 tons and 11086 tons were traded in 2019 / 20 and 2020 / 21, according to data from the Brazilian Mercantile Exchange (BBM).

 

At present, the quotation basis of Brazilian cotton in the main ports of Asia is slightly weaker. The basis difference of M 1-1 / 8 grade cotton is 800-900 points, and that of M 1-5 / 32 grade is 975 points. Chinese buyers are very interested.

 

According to the forecast of the Agricultural Economic Research Institute (imea) of Mato Grosso State in Brazil, the cotton yield per hectare in Brazil is 1748 kg / ha, and the production cost is 57.45 cents / pound. According to the current cotton price, cotton farmers have considerable income.