Australian cotton production increased to improve irrigation

Australia recently released a report, due in Australia to improve the utilization of water resources for irrigation, other countries in the next quarter will be a large number of Australia's exports of cotton.

According to the Australian Bureau of Agriculture and Resource Economics Sciences Division (ABARES) released the report, in 2013 ~ 2014 year, Australia's cotton production is estimated at 995,000 tons, compared with March 2013 is expected to yield higher than 90,000 tons. July 1, 2013 start of the new cotton year, Australia will export 988,000 tons of cotton, according to the United States, "Bloomberg Business Week" reported that in March this year is predicted Australia will export 905,000 tons of cotton. This year, due to the global decline in cotton production, cotton prices will increase by 17%. U.S. Department of Agriculture (USDA) forecast in mid-June, said, in the beginning of August this year, the new year cotton, the world cotton production and a decrease of approximately 3% of the previous year, totaling 117.2 million packs (each pack 480 pounds).