• Linkdin

ACSA, Cotton Australia receive govt grant for market diversification

27 Jul '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

The Australian Cotton Shippers Association (ACSA) and Cotton Australia (CA) have received a $692,456 grant from the government to develop and implement a strategy for market diversification. The grant would play an important role in coordinating a plan for the future of the country’s cotton industry, minister for agriculture and northern Australia David Littleproud said.

“This grant will establish a long-term strategy for market diversification for the entire cotton industry,” minister Littleproud said in a statement.

“This will explore as many options as possible to make Australian cotton a fibre of choice for textile manufacturers. It will look at markets with huge growth potential, like Bangladesh, Pakistan and Vietnam; it will also look at consumer education through digital platforms,” he said.

Cotton Australia chief executive officer Adam Kay said market diversification is crucial in the next two years. “We’re forecasting a good crop in 2021 and a huge crop in 2022—635,000 tonnes this year and 1 million tonnes next year,” Kay said.

“Working closely with our customers, retailers and brands will increase demand for the sustainable high-quality cotton we produce and avoid stockpiling product,” he added.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search