“Less than two months ago, the Brazilian Association of Cotton Producers
(ABRAPA) and the National Association of Cotton Exporters (ANEA) asked
the government to permit the importation of 150,000 tons, and now have
increased that request by 40 percent. The organizations have also asked
for a temporary reduction or elimination of import taxes between October
and May. Brazil’s Board of Foreign Trade (CAMEX) is expected to issue a
decision when it meets later this month. ”
If granted, the imported cotton will make up for a shortfall in an
earlier estimate of this year’s Brazilian cotton crop. Originally
expected to total 1.28 million tons, ABRAPA later revised that total to
1.07 million tons. ”