Brazil's CONAB Forecasts High Production for The 2024/25 Season

According to the latest production forecast data released by CONAB in Oct, Brazil's total cotton production for the 2024/25 season is expected to be 3.665 million tons, an increase of 80,000 tons compared to the 2023/24 season. The planting area for the new season has risen to 2.0013 million hectares, with a slight increase in production; however, yield has decreased compared to the previous year, falling to 122.1 kilograms per mu. Currently, Brazil continues to face export bottlenecks, with export expectations only slightly improving from the previous year, rising by just 80,000 tons. The quality advantage of U.S. cotton has diminished compared to Brazilian cotton due to this year's climate disasters in the U.S.