Australia: Cotton and Products Annual
Link to report:
Australia’s cotton production is forecast to partially recover in 2020/21 and rise to 1.7 million bales, from a revised estimate of 625,000 bales in 2019/20. If realized, this forecast would still be the second smallest cotton crop in Australia in a decade. Multi-year drought in key cotton areas has sharply reduced irrigation water availability, but plentiful rains in early 2020 have improved prospects for some expansion in planted area. 2020/21 exports are forecast to fall to the lowest level in three decades to only 1.1 million bales, from a revised estimate of 1.5 million bales in 2019/20. This is due to extremely reduced beginning stocks limiting exports during much of the marketing year.
