Management Report 2020

Management Report 2020 Figure 8 World cotton supply and demand balance 2016/2017 2017/2018 2018/2019 2019/2020 2020/2021 Million bales 30.0 25.0 20.0 15.0 10.0 5.0 0.0 -5.0 -10.0 -9.8 -15.0 Figure 10 Source: USDA Tons '000 400 300 200 100 о SLC Agrícola Figure 9 Annual cotton exports, Brazil 2,125 1,614 19.6 974 749 834 805 834 573 1.0 -1.6 -2.9 LL 2013 2014 2015 2016 2017 2018 2019 2020 Source: MDIC Monthly cotton exports, Brazil jan feb mar apr may jun jul aug sep oct nov dec 2017 2018 2019 2020 Source: MDIC 22 22

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