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Australian Cotton New Flowers Begin To Harvest
At present, the new cotton harvest in Australia has started. Last week, there was light rain in Queensland and New South Wales cotton areas, with the total rainfall of 10-60mm.
If the weather is ideal in the harvest period, the total production is expected to move towards 2.6 million bales or even higher.
Australia cotton's new flower quotation in 2021 is very competitive and has been traded in all major markets. However, Pakistan and Bangladesh mainly purchase low-grade cotton.
Although Australian cotton is 60 cents cheaper than American Pima cotton and Egyptian long staple cotton, the enterprises using long staple cotton still do not turn to purchase Australian cotton, mainly because the strength of Australian cotton is not enough.
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