Home / Knowledge / News / Textiles / Bumper cotton production benefits Australian farmers
Bumper cotton production benefits Australian farmers
18
Aug '12
Two consecutive bumper cotton harvests have benefited cotton farmers of Australia as they will now pay a reduced levy to their industry group ‘Cotton Australia’ from next year.
 
Speaking at the Australian Cotton Conference, Mr. Lyndon Mulligan, the newly elected Chairman of Cotton Australia, said the record-breaking harvests have yielded better profitability to the cotton industry and hence the levy paid to the industry group will dip from Aus$ 2.25 per bale to Aus$ 2.00 in 2013.
 
Mr. Mulligan stated that despite the declining prices of cotton fibre for the past 18 months it is still beneficial for the farmers to grow cotton because of various favourable conditions, such as abundance of water storages and high export demand from the foreign shores. 
 
Industry experts are predicting another production record of approximately 4.95 million bales in the next season.
 
Cotton Australia’s Chairman also informed that a joint venture between the Cotton Research and Development Corporation and Cotton Seed Distributors Limited (CSD) has been created in response to the Government’s announcement that it would stop funding the Australian Cotton Cooperative Research Centre (CRC) after June this year.
 
He added that all the CRC-organized projects and programs would continue to run and Aus$ 4 million would be resourced to manage the unhindered delivery of research and development information to cotton-growing regions in the country.
 
He stated that key issues that the industry is trying to tackle at present are uncertainty around the future management of the Murray-Darling Basin, shortage of labour and infrastructure not being able to keep up with record harvests.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search