Brazil Surpasses Cotton Export Goals Ahead of Schedule

Brazil is set to surpass its 2030 cotton export target this month, reaching 2.7 million metric tons, well ahead of projections.

This achievement positions Brazil as the top global cotton exporter, overtaking the United States.

The news, shared by Carlos Fávaro, Minister of Agriculture and Livestock, came during the launch of the 2024–25 Agricultural Plan.

This triumph stems from a vision crafted 25 years ago, focusing on technological advancements and robust commercial strategies through the Cotton Brazil Project.

In partnership with the Brazilian Trade and Investment Promotion Agency (Apex), the project also launched an office in Singapore to tap into Southeast Asia’s vibrant markets.

The initiative covers strategic markets including China, Bangladesh, Vietnam, Turkey, Pakistan, Indonesia, India, Thailand, South Korea, and Egypt.

Together, these nations make up nearly half the world’s population and absorb 90% of its cotton exports.

Alexandre Schenkel, president of the Brazilian Association of Cotton Producers (ABRAPA), highlighted the collaboration with Apex as key to this success.

He noted, “This alliance not only refined our operational capabilities but also strengthened our international presence.”

The main export destinations reveal the scope of Brazil’s cotton outreach:

• China receives 53% of exports.
• Vietnam accounts for 14%.
• Bangladesh takes 10%.
• Turkey imports 7%.
• Indonesia and Pakistan each import 5%.
• South Korea, Egypt, Thailand, and Portugal collectively import about 7.7%.

More: Brazil news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.