Australian local media recently reported that due to factors such as drought and insufficient irrigation resources, Australia’s cotton planting area decreased by approximately 50% in 2015 compared with 2014. However, cotton plants are currently growing well, and it is expected that the harvest season may be ushered in early this year. . Namoi, Australia’s largest cotton company, issued an announcement predicting that Australia will harvest about 2 million bales of cotton (500 pounds per bale) in 2015. The company will harvest 400,000-500,000 bales, but the output will be less than half of the previous year.
The report also said that due to water bottlenecks, Australian cotton planting and output will face greater challenges in 2016. The industry expects that cotton will only be harvested in 2016 at 1.25-1.5 million bales, which is likely to drop by 25-38% from this year’s output. Australian cotton production is the lowest since 2008 (cotton production of 600,000 bales).
It is reported that in 2012, Australia became the third largest cotton exporter in the world. In 2013 and 2014, Australia’s cotton output reached about 4 million bales. Since mid-2014, in addition to being affected by drought and water shortages, cotton prices in the international commodity market have plummeted, U.S. cotton production has grown rapidly, and global and Chinese cotton reserves have reached record levels. These factors have also contributed to the sharp decline in Australian cotton planting and production. important reason.
Australian cotton production will fall sharply
Australian local media recently reported that due to factors such as drought and insufficient irrigation resources, Australia’s cotton planting area decreased by approximately 50% in 2015 compared with 2014. Ho…
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