Australia: Cotton and Products Annual
Link to report:
Cotton production in Australia is set to climb to 3.9 million bales in marketing year (MY) 2021/22, 50 percent higher than the estimated MY 2020/21 result and 15 percent above the previous 10-year average. This is due to a combination of increased planted area and higher yields, in part driven by industry confidence in improved irrigation water availability for MY 2021/22. Expanded irrigation area will account for the bulk of the forecasted increase, although there is also expected to be a rise in dryland plantings as well. Exports are forecast to double to 3.2 million bales in MY 2021/22, yet remain some 300,000 bales (nine percent) below the previous 10-year average.