Cotton production in Brazil may jump to 7.65 million bales in the year that began in August, up 40 percent from a year earlier, after record prices spurred more plantings, the U.S. Department of Agriculture’s Foreign Agricultural Service said today in report on its website.
Exports are forecast to rise 15 percent to 2.295 million bales, the agency said. Brazil is the third-largest shipper of the fiber, behind the U.S. and India.
To contact the reporter on this story: Leslie Patton in Chicago at Lpatton5@bloomberg.net
To contact the editor responsible for this story: Steve Stroth at firstname.lastname@example.org.