required report public distribution date 5 11 2004 gain number br4610 br4608 brazil cotton and products annual approved by ron verdonk acting agricultural counselor us embassy prepared oliver l flake attache highlights post raised 2003 04 lint production to 1 25 million tons area 0 hectares exports were lowered 225 000 imports 100 in 05 is forecast at a record on forecasts 500 includes psd changes yes trade matrix unscheduled brasilia br1 br table of contents executive summary 3 economic overview ps&d 4 consumption 8 stocks 10 policy administrative fiscal measures key elements domestic support programs state level 14 reach strong profit prospects induced producers increase 265 over the previous year mato grosso bahia led charge with two