Australia on course for consecutive cotton recor - sportstextiles: Lea SportsTextiles

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Australia on course for consecutive cotton records

29/07/2011
The National Bank of Australia, the world’s third largest cotton exporter, has said the country could produce a record crop for the second year in succession in 2011–12 as high global prices and ample water supplies are encouraging crop planting.

The bank said the country’s cotton industry could produce 4.8 million bales in 2011–12. The total for 2010–2011 was four million bales.

“High prices and strong supplies of irrigation water are likely to induce increased plantings of irrigated cotton,” the bank said in a commodities report.

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