Home / Knowledge / News / Textiles / Positive prospects for Australian cotton season
Positive prospects for Australian cotton season
28
Sep '12
Cotton Australia has issued its first pre-season comment on prospects for the 2012-13 cotton season. CEO Adam Kay said the new crop year was pregnant with both problems and opportunities, but on balance the positives should outweigh the negatives.

On the positive side, he noted a firm financial base from last year’s record crop that embraced 5.4 million bales, coupled with a welcome return to abundance in stored water availability, and boosted by the continued presence of high-yielding transgenic cotton varieties.

He noted recent comments from ABARES, the Federal Government’s independent research and analysis group that the average storage level of public irrigation dams serving cotton growing regions was at 95 per cent of capacity, much higher than the 52 per cent at the same time in 2010.

ABARES projects that the area planted to cotton in Australia is forecast to decline by 14 per cent in 2012–13 to 515 000 hectares. While irrigated plantings are forecast to decline by only 4 per cent, dryland plantings are forecast to be down 44 per cent, with significant variation between regions.

“While ABARES observed that world cotton production would exceed consumption for the third successive year, the recent rend towards lower cotton prices should restore cotton’s textile competitiveness and lead, eventually, to an improvement in mill use, trade and consumption.

“This will help bring the world stocks-to-use ratio back into more equitable balance, whereas it is currently acting as a negative blanket permeating the industry with pessimism and distorting the longer-term economic outlook,” he said.

The negative side of the future scenario for cotton this season is mainly in the international arena where supplies remain plentiful, textile demand remains weak, competition from alternative fibre remains strong, market share is subsiding, and world economic growth to pull cotton through the marketing pipeline remains uncertain.

China and India, the world’s largest producers and consumers of cotton, obviously hold the key to the industry’s prospects, forcing growers and analysts to focus on their seasonal conditions, weather prospects, economic and trade issues, their individual domestic policies, and above all, the validity of statistics emanating from those countries and other international agencies.

“Having said that, if world prices and seasonal conditions improve over the next month or two, getting between a cotton grower and a ready-to-plant irrigated cotton field could be a life-threatening experience,” Adam Kay said.

“Continuation of high yields are vitally important to counter any price declines, contain rises in the price of energy and other inputs, and to assist cotton’s competitiveness with other favourable crop rotation options,” he said.

Overall, he noted it would be a challenging year for all segments of the domestic industry, with improved production, management and marketing skills paramount, coupled with continued productivity along the processing and marketing pipeline.

The 2012-13 planting season has already started in the Central Highlands and Mackenzie regions of central Queensland, and will soon commence in the Dawson/Callide and Darling Downs regions, before gradually expanding to western and southern regions, in line with industry-agreed specified planting windows for transgenic cotton.

Cotton Australia


Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Rwanda to pay tax of exporters affected by AGOA suspension

Apparel/Garments | On 18th Jun 2018

Rwanda to pay tax of exporters affected by AGOA suspension

Rwanda will take over the tax obligations of its apparel exporters to ...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search