“The measure will be in effect from October through May 2011 and will be applied to 250,000 tonnes of cotton lint”.”The
harvest had a significant drop. There won’t be a sufficient supply so
we decided on this cut (…) until the supply recovers,” Camex’s deputy
executive secretary, Andre Alvim de Paula Rizzo, said ..Brazil’s
2009/10 cotton crop is projected at 1.07 million tonnes, down from 1.19
million tonnes last season, the Brazilian Cotton Producers Association
(Abrapa) says ..At the start of the season, the crop was expected
to reach 1.28 million tonnes but dry weather in recent months,
especially in main producing state Mato Grosso, trimmed output ..”(The
textile) industry is buying a lot and carry-over stocks are very low,”
said Abrapa’s president, Haroldo Cunha, who feared a possible shortage
of the product ..Brazil consumes about 1 million tonnes of cotton
lint annually. From January through July, exports reached 154,000 tonnes
while imports totaled 22,000 tonnes .
Date:9/15/2010
Source:Fibre2fashion