Australia's Cotton Harvest Is In Sight

The December agricultural commodities report released by the Australian Ministry of agriculture, resources and Economics (ABARES) shows that this region is affected by the abundant irrigation resources, good soil moisture and favorable prices. cotton Output will reach a record 5 million pack, and leather production is expected to increase by 27%. Compared with last year, exports are expected increase 65%, reaching 2 billion 200 million Australian dollars. ABARES predicts that global cotton supply will exceed demand next year.

According to another report, a cotton grower in northern New South Wales said that this year's rain conditions were the best since 1999. Analysts pointed out that the United States usually produces 1800 to 19 million bags of cotton annually. In the last year, due to drought in the south, the output was only 15 million 900 thousand packs, and Australian cotton farmers had the opportunity to fill the vacancy. Australian cotton farmers will be emerging countries like China and Brazil. compete However, Australia cotton has the advantages of high quality and early market entry.