Australia'S Cotton Production Is Limited By &Nbsp, And Its Future Prospects Are Promising.
Australia Namoi Cotton Corp said in January 24th that although flooding led to Australia Cotton yield reduction But Next three years Australia's cotton production is still likely to hit record highs and has a bright prospect for cotton prices.
Although cotton production in the main cotton producing areas of Queensland and Northern New South Wales was reduced, the losses were not great, and the flood also increased the amount of irrigation storage locally, creating favorable conditions for irrigation water in the next three years.
High cotton prices, adequate reservoir storage and global high grade cotton supply have laid a solid foundation for Australian cotton production in 2011-2013 years.
Affected by floods, Namoi has reduced the forecast of Australian cotton production from 2010/11 to 870 thousand tons in the year of 2001/02, but it is still expected to exceed the record of 766 thousand tons in 2001/02.
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