Brazil: Cotton and Products Update

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Post forecasts Brazil’s Marketing Year (MY) 2014/15 cotton area to drop by about 11 percent to one million hectares, compared to the previous MY. Current domestic prices are not attractive for farmers  that would plant cotton as a second crop (“safrinha”). In September, the Brazilian Government  approved R$300 million (US$134 million) to finance the Equalization Premium Paid to the Producers  Program (PEPRO) to support cotton producers in the 2014/15 MY. 

Brazil: Cotton and Products Update