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Related Keywords: 000 tonnes, ABARES, Australian Bureau of Agricultural and Resource Economics and Sciences, Australian cotton exports are forecast to increase, forecast Australian cotton production, grow by four percent, irrigated plantings, largely driven by increase in yields, this season 2017-18, to 968

Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) forecast Australian cotton production to grow by four percent to 968,000 tonnes in this season 2017-18 largely driven by an increase in yields in irrigated plantings.

In the ongoing cotton season, total area planted to cotton is forecast to decline by 10 per cent to 500,000 hectares due to a decrease in the availability of irrigation water and dry seasonal conditions at the opening of the planting window. This forecast is a smaller decline than forecast in Agricultural commodities: September quarter 2017.

Related Keywords: ABARES, cotton planting, global textile sector, n cotton export, NAB, raw cotton

Australia is all set to touch just below 1 million tonnes in raw cotton exports to become the third largest exporter of raw cotton in the world this year, according to a bank report out on Friday. The National Australia Bank (NAB) Agribusiness Rural Commodities Wrap in the report said that a recovery in cotton prices was likely to have acted as an incentive to production, with prices above historical average levels and more favorable than alternative crops. However, dryland cotton plantings are minimal due to the extended and extreme drought conditions that impact growing areas.