General
Cotton industry rebounds as harvest starts on potential $1.5 billion crop, but China still not buying
Australia’s cotton harvest is getting underway and early estimates suggest the crop will be four times larger than last year’s and worth about $1.5 billion.
Key points:
- After the smallest crop in 40 years, Australia’s cotton harvest is shaping up to be four times larger in 2021
- Cotton Australia estimates this year’s crop will produce about 2.5 million bales, valued at $1.5 billion
- The harvest is already underway near Emerald in central Queensland
If it all comes to fruition, it will be a noticeable comeback for the industry, which has struggled through years of drought and had one of its smallest crops on record in 2020.
“It was a lean year last year with only 600,000 bales, the smallest crop in 40 years,” Cotton Australia chief executive…
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