Recently, industry organizations are very optimistic about this year's Australian cotton production. Australian Cotton Company predicts that this year's Australian cotton production will reach 883,000 tons, or a record high. Among them, Queensland’s cotton production is 388,000 tons, and NSW’s cotton production is 494,000 tons. In addition, the United States Department of Agriculture (USDA) has raised its production of Australian cotton this year to 980,000 tons, which exceeds the forecast of 849,000 tons by the Australian Bureau of Agricultural Resources, Economic Research. Although domestic and international demand growth is rapid, but considering that the harvest of new flowers has not yet been completed, the recent decline in Australian cotton exports may continue for some time.
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