The Land Amelia Williams April 21, 2016
A NEAR record cotton crop just shy of last year’s bin-busting records has given cotton growers something to smile about as they bring in this season’s harvest, especially as the market has softened to between $420 to $435 a bale.
Earlier in the season, Cotton Australia chief executive officer Adam Kay, Sydney, said prices were sitting at more than $500/bale.
Fortunately, a majority of growers had forward sold a portion of their crop when prices were up.
Namoi Cotton general manager of grower services and marketing Dave Lindsay, said the most significant influence on Australian cotton prices had been the rise of the Australian dollar.