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Related Keywords: apparel industry, Bangladesh second largest importer of cotton, Bangladeshi RMG products, BGMEA, Brazilian cotton, currently do not have duty-free access to US and Brazil, two countries enjoy duty-free access for the cotton exported to Bangladesh, US cotton, US suspended GSP facilities for Bangladesh

Bangladeshi RMG products currently do not have duty-free access to US and Brazil, even though these two countries enjoy duty-free access for the cotton they export to Bangladesh for its apparel industry. Moreover, the US suspended Generalised System of Preferences (GSP) facilities for Bangladesh on June 27, 2013.

Related Keywords: Brazilian cotton, Brazilian cotton export, Cepea, cotton cultivation, decrease in supply from cotton growing countries, firm demand, India, lower output, possible interest for imports by China, reduced domestic stock, surge by ten percent, volume of cotton

Brazilian cotton prices in April 2016 increased by nearly ten percent due to firm demand, decrease in supply from important cotton growing countries like India, and China’s possible interest for imports. However, the volume of cotton already traded this season is little less than the volume sold in the same period last year.

The CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo rose 9.66 per cent to 2.6680 BRL ($0.777) per pound on April 29.