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 news@bharattextile.com
Added: November 19, 2007 Source: Agencies
Start script - 1500690939.6319 Start news id check - 1500690939.6319 After news id check - 1500690939.6321 After cookie_code - 1500690939.9533 Before news detail - 1500690939.9533 After news detail - 1500690939.9539 Start cat select - 1500690939.9539 After cat select - 1500690939.9542 before preg replace - 1500690939.9542 After preg replace - 1500690939.9542 Before tag engine - 1500690939.9542 After tag engine - 1500690939.9579 Before mptt engine - 1500690939.958 After mptt engine - 1500690939.958 Before related engine - 1500690939.958 After related engine - 1500690939.9599 Before update hits - 1500690939.9599 After update hits - 1500690939.9601 After update news_hits - 1500690939.9609 After mem_only_views - 1500690939.9609 -------------------------------------------------- Total Exec time:- 0.32910013198853
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2017. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 22-07-2017