Heavy Rain In Australia May Affect The Quality Of New Cotton

Recently, Queensland, Australia, has seen heavy rain for decades, ranging from dozens to hundreds of millimeters. New cotton harvest has been completed in some areas. Rainfall effectively replenish the soil moisture of new cotton in 2020, and rainfall in the darling mountains is 10-63 millimeters.

At present, picking is being carried out in southern Queensland. Rainfall may affect the quality of new cotton. Before the junction of Queensland and New South Wales, it had just started to rain heavily, and the water storage capacity of farms increased. New South Wales has less than 20 millimeters of rain, and new cotton has been laid out. The early maturing fields have been harvested. This week will maintain dry weather. The eastern part of the state or maintaining the shower weather may have an impact on the color of the new cotton.

The output and quality of new cotton in Australia is very important for the supply of high grade long fiber upland cotton in the world. Once GM and SM grade cotton are reduced, other regions will not be able to replenish and replace them. If the production of high-grade cotton in the United States is cut down, the export of Pima cotton to China will increase. The upland cotton GM1-1/4 and 1-3/16 can be blended with Pima cotton to produce more than 60 yarns.

At present, the price of Australian cotton is basically M 1-5/32 grade cotton. The difference of FOB basis of cotton grade SLM grade cotton is quite different. In 2019, the Australian cotton FOB base point was close to 1300 points (May 2019 contract), and the new cotton base difference in 2020 was 950 points (May 2020 contract).