The production of cotton in Australia is likely to witness a decline for second successive season next fiscal year beginning July 1, 2013, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has said.
The production of cotton in Australia is likely to witness a decline for second successive season next fiscal year beginning #
According to the Canberra-based government body, Australia’s cotton production is likely to decline to 905,000 tons next fiscal year from 945,000 tons produced a year earlier.
The production of cotton in Australia is likely to witness a decline for second successive season next fiscal year beginning #
The decrease in cotton output would lead to a dip in exports, which are likely to fall to 924,000 tons, compared to record exports of 1.1 million tons achieved a year earlier, ABARES said.
The production of cotton in Australia is likely to witness a decline for second successive season next fiscal year beginning #
According to the report, cotton is estimated to be sown on about 434,000 hectares in 2013-14.
The production of cotton in Australia is likely to witness a decline for second successive season next fiscal year beginning #
In its recent statement, the International Cotton Advisory Committee (ICAC) has forecasted global cotton production to decline 14 percent year-on-year to 22 million tons, while consumption would remain stable at 23 million tons in 2013/14.
The production of cotton in Australia is likely to witness a decline for second successive season next fiscal year beginning #
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