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2019-20 challenging year for Australia's cotton industry

Mon Oct 07 2019

 

 

This year has been challenging for the Australian cotton sector and the crop in 2019-2020 is projected to be only a quarter of the size it was two years ago due to drought and reduced water allocation, according to Cotton Australia chairman Hamish McIntyre. Australian growers are resilient, innovative and adaptable, he said on the World Cotton Day today.

 

The global cotton industry’s production, research, innovation and trade practices are being recognised internationally today by the World Trade Organisation (WTO).

 

In an average year, Australia produces enough cotton to clothe 500 million people around the world, Cotton Australia chief executive officer Adam Kay said in a statement.

 

“The Australian cotton industry is relatively small in comparison to other countries, but its influence and contributions are huge in scale, both in terms of its value to Australia as a commodity and for the social and economic benefits it brings to the communities in which cotton is grown,” National Farmers’ Federation President Fiona Simson said.

 

Cotton Australia is the peak representative body for Australia’s cotton growing industry.

 

Source: https://www.fibre2fashion.com/

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Sunday, November 10, 2019
ExchangeCommodityContractOpenHighLowClose
MCXAluminium MiniOct19135.3135.45133.6133.75
MCXCottonOct1919470197201942019660
MCXGold GuineaOct1930330304803011530197
MCXLeadMiniOct19156.7157.65156.25156.95
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