2008 crop to be severely impacted by drought, Namoi Cotton

24 Oct '07

3 min read

The increased market share is attributed to our regional presence, effective maintenance of grower relationships and diversity of marketing products The advantages provided by Namoi Cotton's integrated rail and warehouse logistics network have facilitated 2007 crop shipments.

Our logistics business shipped 35% of the 2007-08 bales at half-year end, reflecting astrong forward marketing book.

Namoi Cotton Commodities Pty Ltd has traded soundly in its first six months of operation. The business has established a presence through offering grain, oilseed and pulse marketing alternatives for grower members.

Namoi Cotton has also expanded packing capabilities to further diversify income streams. The 2008 crop will be severely impacted by the ongoing drought conditions and reduced water allocation entitlements.

The majority of cotton growing regions have received limited rainfall in the past six months and major dams are approaching record low levels.

Whilst planting intentions will not be finalised until November, industry forecasts indicate that the 2008 crop will be substantially smaller than the 2007 crop.

Namoi Cotton remains committed to its strategic direction in the face of agronomic challenges by reducing reliance on irrigated agriculture, maintenance of improved market share and management of costs.

We will continue to deliver industry leading services and products to meet the requirements of our clients.

Namoi Cotton Co-operative Ltd

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