November cotton exports grow 21% in volume

Brazil’s cotton exports totaled 256,300 tons in November, up 21.06% compared to the same month in 2018, when Brazil had shipped 211,700 tons overseas.

Revenue totaled US$412m in November, up 12.26% compared to last year’s November performance of US$367m. The data, from the Secretariat of Foreign Trade (Secex) of the Ministry of Economy, were released on Monday, December 2, and consider 20 business days. Compared to October 2019, the shipped volume was 11.03% below the 288,100 tons of the period. Revenue in November also fell 11.32% compared to October 2019, when Brazil had obtained US$464.6m with the export of fiber.

The record cotton crop for the 2018/19 cycle continues to be shipped and so volumes should be strong by the end of the year to ensure delivery of all traded fiber. The average price per ton of the plume exported in November was US$1,607.70, compared to US$1,773.30 in November last year.

In October this year, the average price was US$1,612.40/t. In the first nine months of 2019, the country shipped 1.27m tons of plume, with revenues of US$2.09bn.

The following chart, made from Datamar’s DataLiner data, shows Brazilian cotton exports since January 2006:

Chart Source: DataLiner/Datamar

Source: Estadão Conteúdo

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