China might not be buying, but Australia's cotton industry is looking much better in 2021

  • 📰 abcnews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 83%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Early estimates suggest Australia's cotton crop will be four times larger than last year's and worth about $1.5 billion — a noticeable comeback for the industry, which has struggled through drought and trade tensions.

China had been taking about 65 per cent of the Australian cotton crop in a trade worth $800 million.

"But our industry is just getting on with things and pushing the crop into other markets like Bangladesh, Vietnam, Indonesia and Thailand. Some of those markets will take the extra crop China was taking." The La Niña weather pattern has not delivered widespread rain to all of the cotton-growing regions, and on Queensland's Darling Downs, irrigators are nervously doing their figures, determining if they have enough water in storage to finish their cotton crops.

"We've learned a few lessons over the past and like to keep our planting areas small and do a good job of it," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is great news!

WHY r we growing cotton to sell to CHINA ❓illegal pumping of precious water

as in the industry discuss rang farming further south as the rivers of been destroyed that one but doesn't generate anywhere near the income of what the lower basin generated

Success to business is to diversify to as many as possible.Those industries esp iron ore , selling solely to only one customer are extreme risky,business not worth investigating shares in for longer term. Similarly sourcing from multiple suppliers is sound risk management.

It's time to look at the local market. Get together with some wool growers and start manufacturing fabric HERE, make a deal with Spotlight and start selling it HERE.

No surprise they’re ‘not complaining’ when they’re in the business of harvesting water at voluminous rates to the detriment of other downstream agriculture and communities.

Exporters are going out of business because Morrison has no diplomacy skills

Which major cotton producers in Australia are majority owned by Chinese interests?

Good to hear 👍

China is not a customer we'd want anyway. Glad they're disconnecting.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines