Australia Expects To Become The Third Largest Exporter Of Cotton In The World In 2011/12.
Australia's agriculture and Resources Bureau (ABARES) said in its report on Tuesday that Australia expects to increase its exports of cotton in the year to June 30, 2012 (2011-12), thereby making Australia the largest number of Australian exporters.
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The third largest exporter of cotton.
Australian agriculture and Resources Bureau looks forward to its quarterly outlook on Tuesday.
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China said it expects the lint output of the country to rise to a record high of 1 million 140 thousand tons in 2011-12, which is mainly driven by the sufficient irrigation source in the cotton growing area of the country, which will be higher than the 898000 cotton output of the country's 2010-11 cotton and the output of 387000 tons in the 2009-10 year, which is affected by the dry weather.
Almost all the cotton produced in Australia is used for export, so the increase in cotton production in the country means that its export volume will rise.
Australian agriculture and Resources Bureau said it expects cotton in 2011-12.
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The total value of the material is 989000 tons, with a total value of 2 billion 260 million Australian dollars, up 505000 tons and 1 billion 370 million Australian dollars respectively.
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