News: Brazilian Cotton Delayed Sowing Recent Rains

 

Weather forecasts show that in mid-March, Brazil is expected to receive above-average rainfall. For Brazil's 2020/21 cotton, which has just delayed planting, the March-April rainfall is particularly important.
 

 

According to data from the Brazilian Mercantile Exchange (BBM), from February 19-25, 24,922 tons and 11,086 tons were traded in 2019/20 and 2020/21 respectively.

 

At present, the basis of the quotation of Brazilian cotton in the main port of Asia has weakened slightly. The basis of M 1-1/8 grade cotton in May loading period is 800-900 points, and the basis of M 1-5/32 grade is 975 points. Buyer interest is high.

 

According to the forecast of the Institute of Agricultural Economics (IMEA) in Mato Grosso, Brazil, the cotton yield per hectare in Brazil this year is 1748 kg/ha, and the production cost is 57.45 cents/lb. According to the current cotton price, cotton farmers can earn considerable income.