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Post forecasts 2022/23 cotton area planted at 1.65 million hectares (ha), an increase of just over one percent from the 1.63 million ha cotton area estimate for 2021/22. Post’s forecast is based on expectations that despite challenges, such as risings costs and tightening margins, Brazilian producers are optimistic about the crop’s prospects, and eager to continue growing the sector.

For 2022/23, Post forecasts cotton planted area to shrink 3 percent compared to the current season, to 1.55 million hectares. The Post forecast for 2022/23 cotton production is 12.6 million bales, or 2.74 million metric tons (MMT), down from 13 million bales (2.83 MMT) in 2020/21.