Brazil’s cotton sector closes agreement with Chinese association to boost sales
RIO DE JANEIRO, BRAZIL – The Brazilian Association of Cotton Producers (ABRAPA) on Tuesday signed a memorandum of understanding with the China Cotton Association (CCA) in order to promote trade in lint to the Asian country and strengthen Brazil’s relationship with the commodity’s largest global buyer.
ABRAPA president Julio Cézar Busato said that the agreement will be of great help to the sector, since it will enable an increase in the exchange of information with China, the destination of about 35% of Brazilian cotton in the current season.
“They will be able to tell us what restrictions exist in the Chinese market, potential problems that Brazilian cotton may have, so that they may be corrected… it is a way to better understand the demand,” he said, despite not mentioning how much the agreement could raise Brazilian exports.
In addition to this, ABRAPA intends to close agreements with other Chinese entities and other cotton-buying countries in Asia, Busato added.
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