Brazil is looking to enter strategic partnerships in Asia by increasing its cotton supply to Bangladesh, says Cotton Brazil at a sellers’ mission event in the country. Certified by the Brazilian Cotton Growers Association (ABRAPA), the international market development program for Brazilian cotton, Cotton Brazil, visited Bangladesh and met officials of BTMA, BGMEA, Ministry of Industries, Cotton Development Board, and some prominent textile millers including Noman Group, MAS Group, NRG Group, ISRAQ Group, Viyellatex Group, Syed Group and Salma Group in Dhaka
The delegates disclosed their aim to promote sustainability and demonstrate Brazil as a reliable partner of high-quality and traceable cotton. The event also focused on Cotton Brazil’s commitment to ensuring short-term, medium, and long-term business continuity through its promotion of Brazilian cotton export. They discussed the issue of rising cotton prices on Asian garment manufacturers and the lack of supply due to top producers’ diminishing yields of cotton last year.
To overcome cotton shortage, demand for Brazilian cotton is increasing making it the fourth largest cotton producer and second-largest exporter in global market. According to Cotton Brazil, they supplied 166,000 tons of cotton to Bangladesh as of April 2022.
ABRAPA estimates, Brazil’s area under cotton cultivation increased by 15 per cent to about 1.58 million hectare. It forecast, cotton production will increase 20 per cent to 2.82 million tons in 2022, marking it the second-best season for Brazilian cotton’s history. Moreover, Brazil projects, its total shipments will rise to 1.90 million tons for the next cycle.