Australia: Cotton and Products Annual
In 2016/17, cotton production is expected to reach 2.5 million bales, assuming the continuation of average seasonal conditions. Production in 2015/16 is estimated at 2.4 million bales, or four percent below the official forecast, as a result of adverse weather. The area harvested in 2016/17 is forecast at 280,000 hectares, compared to 263,000 hectares in 2015/16 and slightly below the official estimate. The trend to 2016/17 is for an expanding harvest area into southern New South Wales. Cotton prices appear to be promising, especially compared to alternative summer crops such as sorghum. The Post forecast for exports is the same as the official estimate of 2.75 million bales for 2016/17 and 2015/16, assuming average seasonal conditions.
