1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:April 03,2025 Report Number:BR2025-0010 Report Name:Cotton and Products Annual Country:Brazil Post:Bra

2、silia Report Category:Cotton and Products Prepared By:Nicole Podesta Approved By:Frederick Giles Report Highlights:For MY 2025/26,Post forecasts cotton area to grow 2.9 percent compared to the current season,to 2.13 million hectares.Post also forecasts cotton production at a record 17.8 million bale

3、s(3.87 million metric tons(MMT).Lower costs of production and competitive prices for export contribute to the increase.Yields are expected to increase slightly,about one percent due to positive impacts from La Nina.Post forecasts MY 2025/26 exports at 13.9 million bales(3 MMT),3.7 percent more than

4、the MY 2024/25 estimate at 13.4 million bales(2.9 MMT),due to increased supplies and expected reduced competition with U.S.cotton.Post forecasts domestic consumption at 3.4 million bales(740 MT),showing a slightly increase from the MY 2024/25 estimate.INTRODUCTION In 2023,USDA revised Brazils histor

5、ical cotton production estimates.Since October 2023,area,production,and yield numbers dating back to marketing year(MY)2000/01 shifted one year ahead.USDA estimates for Brazils area and production now reflect the calendar year(CY)harvest for the first listed year of the split(e.g.2024 for 2024/25)in

6、stead of the previous method of using the next calendar years harvest(in this case,2025 for 2024/25).As such,MY 2024/25 area,production,and yield estimates now refer to recently sowed cotton that will enter the market in 2024.In Brazil,MY 2024/25 production estimates are often referred to as season