ANALYSIS: China's cotton reserves are at historically low levels. Is the trade with Australia set to resume?
abc.net.au/news/china-the-natural-home-for-australian-cotton-how-long-to-wait/101349688Australia's cotton industry had plenty to celebrate as it gathered on the Gold Coast this week for the Cotton Australia conference.
What perhaps makes this year's harvest more remarkable is the fact the industry found a home for the bumper crop without selling to the world's largest textile-producing nation — China.Then in October 2020,or risk their quotas being slashed. "Given the tensions and geo-political fracturing that's occurring between Australia and China, the natural home for Australian cotton has currently been locked out," he said.
"We definitely hope that with a new Australian government there might be a reset at the higher level in the relationship that would see a resumption in trade with China, because for Aussie cotton it just makes sense," he said.Cotton price rises as US crop wilts
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