The latest report from the Australian Industry Research Institute said that 2023/2024 cotton production in Australia is expected to be close to 4.9 million bales, up from the 4.7 million bales forecast at the end of February, mainly due to higher irrigation yields in the main cotton producing areas.

According to the survey, the cotton irrigated field area in 2023/2024 in Australia is 352,200 hectares, with a yield of 11.69 bales/hectare and a yield of 4.116,628 bales. Cotton semi-irrigated field area of 14,000 hectares, per unit yield of 9.14 bales/hectare, the output of 128,000 bales; The dryland cotton field was 145,660 hectares, the yield per hectare was 3.63 bales/hectare, and the yield was 529,420 bales. Australia’s total cotton planting area is 508,600 hectares, and the total output is 4.885,700 bales (about 1.06 million tons).

At the same time, the latest forecast from the Australian Bureau of Agricultural Resource Economics shows that 2023/2024 Australian cotton production is 1 million tons, although it is down 18% year-on-year, but it is an increase of 75,000 tons from the last forecast, which is basically in line with the forecast of the industry body.