|
|
|
Cotton growers fail to share in the commodity price boom
6 Dec 2004
Cotton growers would have to diversify further into crops such as sorghum and soya beans, in light of an extended stretch of poor prices for cotton. Returns from cotton production are likely to be low, in spite of reasonable, well-timed rains, with a sustained run of low prices on the world market. The world price for cotton usually picks up by December after the start of the harvest in the United States. The break-even price is estimated around US$480 to US$500, but the world price has remained well below at less than US$300 per bale. Australia is a small producer by world standards but about 90 per cent of the 2.1 million bale crop is exported, which has been affected by the strong Australian dollar.
Courier Mail, 06/12/04
|
|
