Brazil overtakes the U.S. as top cotton exporter, reshaping global market dynamics.

In 2024, Brazil has emerged as the leading cotton exporter, surpassing the US due to lower production costs. Brazil and Australia are forecast to supply 50% of the global free-trade cotton market, potentially shifting influence away from the US. Uncertainty in the market is fueled by weak demand, potential trade wars, and macroeconomic events. The global cotton industry is working to promote cotton's benefits and face challenges like European import legislation.

November 23, 2024
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