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“Currently, 42% of all cotton licensed by Better Cotton comes from Brazilian crops.”
Cooperation between the Brazilian and Bangladeshi markets should boost Brazilian cotton, according to the president of the Brazilian Cotton Producers Association (Abrapa), Alexandre Schenkel. He was one of the representatives of the national exporting economic sectors who participated in the signing of the Memorandum of Understanding between Apex-Brasil and the Federation of Bangladesh Chambers of Commerce & Industries (FBCCI), a Bangladeshi institution equivalent to the national development agency.
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The expectation of Apex and FBCCI, with the cooperation agreement, is to promote, strengthen and give visibility to commercial relations between the two countries. Currently, in addition to cotton, Brazil is a representative supplier of other commodities, such as sugar, soybeans and iron ore. Bangladesh exports manufactured products to Brazil, especially textiles.
According to the president of FBCCI, Jashim Uddin, in 2024/2025, Bagladesh's textile industry is expected to double in size. “We will need more cotton. Today, we are buying fiber from Brazil, Africa and India, and the memorandum signed here favors trade between us”, he stated. FBCCI represents 80% of Bangladesh's private sector industries, has more than 400 members and around 38 bilateral agreements, such as the one signed in Brasília.
“Currently, 42% of all cotton licensed by Better Cotton comes from Brazilian crops and 86% of all lint produced in Brazil is certified by the Responsible Brazilian Cotton (ABR) program, which operates in benchmark with BCI,” said Schenkel.
Source: Leonardo Gottems | agrolink
