AUSTRALIA: Cotton production is expected to be lowest because of drought

MELBOURNE: Australian cotton production is expected to plunge 62 percent to a 30-year low this season because of drought, Cotton Australia Ltd. said. Australia is the world's fifth-largest exporter of cotton.

The nation may produce 500,000 bales of cotton from the crop now being planted, that compares with last year's 1.3 million bales and a previous forecast of 700,000 bales for this year's crop.

Australia's cotton production has fallen five of the past six years as prolonged drought dried up rivers and dams, reducing irrigation supplies.

There are no areas in good shape so people aren't prepared to take big gambles these days so where they haven't got the water they haven't planted.

Cotton prices have gained 29 percent in the past year as farmers in the U.S., the world's largest exporter of the fiber, shift to other crops including corn, seeking better returns.

The biggest challenge for growers will be keeping infrastructure up-to-date and continuing to invest. The U.S. is forecast to be the world's largest exporter of the fiber in 2007-08, followed by India, Uzbekistan, Brazil and Australia, according to the U.S. Department of Agriculture.


Send your News/Releases for publication to [email protected]
Added: November 19, 2007 Source: Agencies
Start script - 1524713180.6636 Start news id check - 1524713180.6637 After news id check - 1524713180.6641 After cookie_code - 1524713182.0566 Before news detail - 1524713182.0566 After news detail - 1524713182.0573 Start cat select - 1524713182.0574 After cat select - 1524713182.0577 before preg replace - 1524713182.0577 After preg replace - 1524713182.0577 Before tag engine - 1524713182.0577 After tag engine - 1524713182.0654 Before mptt engine - 1524713182.0654 After mptt engine - 1524713182.0654 Before related engine - 1524713182.0654 After related engine - 1524713182.0686 Before update hits - 1524713182.0686 After update hits - 1524713182.0688 After update news_hits - 1524713182.0697 After mem_only_views - 1524713182.0697 -------------------------------------------------- Total Exec time:- 1.4061000347137
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 26-04-2018