By Anna Fitzpatrick, Contributing Reporter
RIO DE JANEIRO, BRAZIL - As cotton prices soar on the world market, the pressure is on in Brazil to maximize its position as the world’s fifth largest producer of the commodity. With a favorable WTO ruling over the U.S. last year and ensuing trade deal, Brazil is expected to significantly increase the amount of cotton it produces, though trade barriers in the U.S. remain largely the same.
Perverse weather conditions last year . . .