Cotton

The 2024 ginning season came to an end last week at the Australian Food and Fibre (AFF) gin south of Hay. The ginning season ran for five months and processed 45,000 round modules into 199,000 finished bales, making 2024 one of the Hay gin’s biggest runs ... “Prices are down a little, but yields are well up.”

Planting is underway across much of Australia’s cotton growing regions with some crops already out of the ground in warmer climates, some growers holding back for warmer weather while some in tropical areas won’t be planting until rain begins to fall. Cotton Australia General Manager Michael Murray said the signs for this season are positive with Australia’s 1500 cotton growers, 90 per cent of them family farmers...

An expected increase in global cotton supply in the 2024/25 season is weighing on prices for Australian producers, as export markets look to absorb large volumes from the US and Brazil, Rabobank says in a recently-released report. The agribusiness banking specialist says expectations are that world cotton stocks will rise in the coming season – largely driven by a recovery in production in the US and a potential record crop in Brazil.

The Cotton industry’s top awards for the year have been announced ... with the top two awards going to Queenslanders. The 2024 Bayer Cotton Grower of the year is Scott Balsillie, farm manager for Eastern Australia Agriculture in Dirranbandi while the AgriRisk High Achiever award recipients are Steve and Bridget McVeigh from Dalby on the Darling Downs.

A unique photo competition for rural and remote cotton growers has yielded some of the most impressive images ever captured in rural and regional Australia, along with the heart felt stories behind them. Cotton growers, their families and other industry figures, were invited to submit images that captured an element of their life on the land as part of this year’s Click 24 Photography Competition...

The 2024 cotton harvest in the Murrumbidgee Valley is proving to be a bountiful one, bouncing back from the challenges of the previous season. Early concerns surrounding cold snaps, erratic rainfall and storm damage have given way to optimism, with many growers reporting above-average yields.

The results of a new comprehensive independent assessment of the environmental performance of Australia’s cotton industry have been released revealing significant gains, and areas for improvement.

Rising prices for a range of rural commodities including cattle, cotton and dairy have seen the NAB Rural Commodities Index* increase for the fourth month in a row. NAB’s March Rural Commodities Wrap ... reports the Index increased 2.2 per cent month-on-month in February and is back up around levels last seen in April 2023.

Australia’s 1500 cotton growers, 90 per cent of them family farmers, are either starting to pick their 2024 crop or are planning to start in the coming weeks as they contemplate another above average season. This season, close to 480,000 green hectares of cotton has been planted predominantly in New South Wales and Queensland, with the Northern Territory and Western Australia also growing cotton crops.

One of the most topical but arguably most misunderstood developments in sustainable agriculture, carbon baseline setting will be a focus in two weeks at the largest cotton field-day to be staged in Southeast Queensland this year. The 2023 Bayer Cotton Growers of the year, Johannes and Scarlett Roellgen from Tyunga Farms … are hosting the Bayer Cotton Grower of the Year Field Day...

For the first time in thirteen months, the NAB Rural Commodities Index saw an increase in November, with cattle prices being the single greatest driver. NAB’s December Rural Commodities Wrap ... reports the Index increased 3.5 per cent month-on-month in November, retracing its October fall to be slightly above its September level.

More than 2,400 grain and cotton growers and spray contractors across Queensland and New South Wales have signed on to a world-first, Australian-developed weather data system to help minimise spray drift and limit the damage it causes to food and fibre crops and the environment. Spray drift is a significant problem for agriculture.

Yagi & Co., Ltd. announces that we have made and started operating a proprietary system for consistent traceability management, from field to yarn, via a proprietary management system that links the international certifications for the organic cotton produced in India that we handle ... This system enables consistent traceability management from the cotton field to thread.

Country Road, Landcare Australia and cotton farmers are marking Biodiversity month by celebrating a landmark achievement in their New South Wales Namoi Valley project It’s been three years since ‘The Biodiversity Project’ kicked off in the Namoi Valley and since the first tree was planted, about 60 hectares of cotton farming land has been revegetated.

Rural Bank’s Australian Agricultural Exports Report 2022/23 has found that export values reached a record high in 2022/23, driven by the 2022 winter crop. Australia’s top 13 export markets recorded year-on-year growth with the top 12 all achieving record highs, led by China, with Japan and the US retaining their places as Australian agriculture’s second and third most valuable markets.

Australian agricultural commodity prices experienced a mixed month in July, with wheat and cotton prices edging up, while dairy and barley prices eased, and cattle prices tracked sideways. The movements are reflected in the NAB Rural Commodities Index* which declined 2.1 per cent in July.

Australian farmer confidence has improved marginally thanks to easing concerns about commodity prices and input costs, however it remains in negative territory overall. The latest quarterly Rabobank Rural Confidence Survey, released on 13 June 2023, saw confidence lift nationally from -25 per cent in the first quarter of 2023 (the lowest level since late 2018) to now sit at -22 per cent.

After steep falls in late 2022 and early 2023, many Australian agricultural commodity prices have stabilised, according to the NAB March Rural Commodities Wrap released on 27 March 2023. While the NAB Rural Commodities Index* was down 1.2% in February, almost all of the downside was driven by falling cattle prices as the industry faces parallel challenges of higher turnoff, processor constraints and tough global conditions.

Australian agricultural commodity prices have continued to fall in the new year with the NAB Rural Commodities Index* now 14.4% below year-ago levels. Lower beef cattle prices and to a lesser extent, grain prices, are the key drivers of the weakening in the Index, according to the NAB February Rural Commodities Wrap.

The future of fashion is transparent. One of the global leaders in traceability technologies, FibreTrace®, are set to release a free digital traceability solution to the textile industry, which maps the global textile supply chain from fibre to retail.

International markets for wool and cotton have seen much volatility through the course of 2022 – with the lingering impacts of Covid and escalated geopolitical and economic uncertainty affecting the trade – and the year ahead could be equally turbulent, agribusiness banking specialist Rabobank says in a new industry podcast.

Record-breaking cotton production in Australia in 2021-22 is being reflected in the business cash inflows of NAB’s cotton growing customers, the July NAB Economics Data Insights: Agriculture report shows. The report shows business cash inflows for the bank’s agriculture, forestry and fishing customers continue to grow at a rapid pace, underpinned by a monster winter crop, strong commodity prices, and more recently, a record-breaking cotton bonanza.