Australia 2011/12 Cotton Harvest Will Again Harvest
Industry officials say
Australia
2011/12 year
Cotton material
Another bumper harvest will be expected to reach a record 4 million pack.
Comprehensive media reported on April 14th, an industry official said on Thursday that Australia's 2011/12 cotton harvest will be a good harvest again, because of the ideal growth conditions, 2010/11 cotton.
yield
The forecast will reach a record 4 million packs.
Australia is the world's leading cotton.
Exit
China hopes to take advantage of global prices
Rise
Earn at the same time
profit
。
China and
India
Strong demand and driving global prices, the total consumption of cotton in these two countries accounts for about 60% of global cotton output.
Australian Cotton Corp spokesman David Bone said: "next year cotton growth conditions are very favorable because of good water supply."
"We have plenty of water, so this is a good sign for cotton harvest next year, and we do not see any downward pressure on prices."
Cotton was the best in 2010, as did the first three months of 2011.
US cotton futures prices hit a record high of US $2.197 a pound in early March, due to tight global supply and market concerns. If the drought in Texas caused by La Nina weather conditions intensified, the US cotton sowing area may further decline.
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