The recent slide in prices will cause Brazil to plant much less cotton in the upcoming 2014-15 season, according to the Abrapa, the cotton planters' association.
Brazilian cotton planted area will fall around 12% to 2.4 million acres in the 2014-15 season, which starts in November, after local prices slid below the minimum levels stipulated by the federal government in the last weeks.
According to Gilson Pinesso, the Abrapa president, the outlook is 'depressing.'
The association has already asked the federal government to intervene to guarantee prices for the 2013-14 crop, which is currently being harvested.
Abrapa is requesting revenues ...