Though, there has been a surge in cotton cultivation in Brazil over the past few years, but then it is not the only sector in the country that is growing at such a great pace. The apparel and textile industry in the South American Country now the fifth largest globally and which is a source of employment for around 1.7 million workers, too is developing at a fast pace.
This has thus prompted a number of industry organizations to seek government sanction for importing 250,000 tons of cotton.
It's hardly two months back that the Brazilian Association of Cotton Producers (ABRAPA) and the National Association of Cotton Exporters (ANEA) approached the government with a request to allow importing 150,000 tons of cotton, but now have further raised the demand by another 40 percent.
The Associations have also put up a request to either temporarily slash or withdraw duty on imports during October to May, and it is expected that the Brazil's Board of Foreign Trade (CAMEX) would decide on the matter during its meeting scheduled to be held in this month.
If the government permits such imports, it would compensate the deficit in country's cotton production. Earlier, the ABRAPA estimated the cotton crop deficit to be somewhere around 1.28 million tons, later on revised it to 1.07 million tons.
Fibre2fashion News Desk - India
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