The weak Brazilian cotton prices caused by higher cotton output enhances its competitiveness in international market

Viewed from international cotton prices, except US and Pakistani cotton, Brazilian cotton is the cheapest cotton in the world at present. US cotton exports keep the negative growth, and the export sales of 2019/20 cotton decrease by 28% year on year. Pakistani cotton prices are relatively firm, but affected by exchange rate, USD price has more edge. Nevertheless, the competitiveness of Pakistani cotton weakens recently, as the government tends to impose sales tax on cotton and cotton yarn. The weak Brazilian cotton prices caused by higher cotton output enhances its competitiveness in international market.