Drought decimates Australia's cotton prospects

By Charles Clack
December 4 2019 - 5:00am
It is not only Australia facing a lower cotton crop next season - Rabobank anticipates tighter US margins.
It is not only Australia facing a lower cotton crop next season - Rabobank anticipates tighter US margins.

Drought has decimated prospects for Australia's 2019/20 cotton crop, with seasonal production forecast to be touching just 735,000 bales - just some 16 per cent of the national crop picked in 2017/18.

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