Australia’s cotton production is expected to rise in 2021 as country’s normal weather continue to replenish reservoirs essential for irrigation. Also, Australia’s area under harvest has increased 78.57 percent in 2020-21 to 0.28 million hectares from 0.06 million hectares in 2020, reaching to the production level prior to the spread COVID-19 pandemic.

Australia’s monthly average cotton production is expected to grow 312.70 percent in 2020-21 to 0.22 million 480 lb bales (2019-20: 0.05 million 480 lb bales). This rise would also be 18.18 percent higher as compared to season 2018-19, according to market analysis tool TexPro.

 

Australia’s cotton exports for 2020 were USD 313.45 million with monthly average of USD 26.12 million (2019-20: average USD 47.16 million). If the rising trend continues with the reduction of COVID-19 impacts, the exports are expected to jump to a monthly average of USD 147.46 million in 2020-21.

 

Source: fibre2fashion.com