Business
Farmers pick $1.5b crop, next season’s to be even better – ABC News
Australia’s cotton production is roaring back to life after years of drought and falling production, but the industry’s resurgence is overshadowed by the loss of China,…
Australia’s cotton production is set to roar back to life thanks to widespread rains in March.
Key points:
- Production is expected to reach more than four million bales next season thanks to recent rains
- Last year was one of the smallest national cotton crops on record
- The industry is still dealing with the loss of its biggest market, China
The national crop is already four times bigger this season and worth $1.5 billion.
Drought conditions in many growing regions have eased in the past 12 months,…
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