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Brazil Cotton Exports Remain Strong

10 September 2012
USDA Foreign Agricultural Service

BRAZIL - USDA Foreign Agricultural Services (FAS) forecasts 2012/13 export at 4.1 million bales, down 15 per cent from the 2011/12 record of 4.8 million bales. Brazil’s exports of cotton have been sustained at high levels due to the depreciation of the Real, which has lost 30 per cent of its value over the last year (R$2.00 = US$1.00).

2012/13 imports are estimated to remain even with 2011/12 at 30,000 bales and mainly limited to textile manufacturers with rights to duty drawback under re-export.

In past years, the temporary removal of import duties has been granted during short crops.

Increased opportunities for significant imports of cotton into the Brazilian market are predicated on such a temporary removal.

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