Based on the statistical data of relevant Brazilian industry associations and market concerns, the situation of Brazilian cotton planting, output and sales has been summarized and organized. The details are as follows:
Summary
1. As of March 3, new cotton sowing in 2021/22 has been completed, and the new cotton picking period is expected to be from July to September;
2. Brazil’s expected total output in 2021/22 will reach 2.82 million tons , an increase of 4.0% month-on-month (2.71 million tons), and a year-on-year increase of 19.5%;
3. In February 2022, Brazilian cotton exports were approximately 167,000 tons, a decrease of 16.1% month-on-month (199,000 tons), and a year-on-year increase of ( 236,000 tons) decreased by 29.1%; from August 2021 to February 2022, Brazil exported a total of 1.2 million tons of cotton;
4. China is still the largest exporter of Brazilian cotton, from August 2021 to February 2022. In February 2022, a total of 409,000 tons were exported to China, accounting for 34.2% of the total.
Picking and sales: The picking and processing of Brazilian cotton in 2020/21 have been completed. As of March 3, the current inspection progress is 94%, and the sales progress is 98%.
New cotton sowing in 2021/22 has been completed, and the sales progress is 65%.
Area & Output: Brazil’s cotton planting area in 2020/21 is 20.4 million acres, a decrease of 18.3% year-on-year (24.99 million acres), and there is no significant adjustment from the previous month.
According to the latest forecasts from relevant Brazilian industry associations, the cotton planting area in 2021/22 will reach 24 million acres, an increase of 17.6% from this year, an increase of 750,000 acres from last month’s forecast, and a month-on-month increase of 3.2%. Sowing for the new year has now been completed.
According to the association’s forecast, Brazil’s total output in 2021/22 will reach 2.82 million tons, a year-on-year increase of 19.7%, an increase of 110,000 tons from the previous month, a year-on-year increase of 4.0%, which is expected to become Brazil’s history The third highest year in total output. The yield per unit area for this year is expected to be 117.7 kg/mu, an increase of 1 kg/mu from the previous month’s forecast. The yield per unit area is expected to increase by 2.7% year-on-year.
Export shipments: In February 2022, Brazilian cotton exports were approximately 167,000 tons, a decrease of 16.1% month-on-month (199,000 tons) and a decrease of 29.1% year-on-year (236,000 tons). Shipping progress reached 69%, lagging behind the recent five-year average of 76%. Foreign trade revenue for the month was US$320 million, a decrease of 15.5% from the previous month (US$380 million). In terms of export destinations that month, Vietnam (35,000 tons) accounted for the highest proportion, about 20.8%.
From August 2021 to February 2022, Brazil exported a total of 1.197 million tons of cotton, a year-on-year decrease of 30.5%, and the cumulative foreign trade revenue was US$2.15 billion. Among them, a total of 409,000 tons were exported to China, accounting for 34.2%.
Cotton price trend: Brazilian cotton continued to rise in February. The average price of Brazilian cotton during the month was 132.78 cents/pound, and the price increased by 16.2% during the month.
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