Where Can Australia'S Cotton Harvest Lose Its Chinese Market?

 

        Originally, due to the extensive rainfall in March, Australia's cotton industry is expected to usher in a recovery. But the local cotton farmers are not happy: because of the continuous tension between China and Australia, the biggest market, China has lost. Where can the harvested cotton go?

 

      According to the Australian Broadcasting Corporation (ABC) reported on the 27th, in the past 12 months, the drought situation in many planting areas in Australia has eased, especially in recent months, with abundant rainfall and floods in some places. Australia's cotton industry has also gradually recovered, the output has been more than four times that of the previous quarter, with an output value of 1.5 billion Australian dollars. Adam Kay, chief executive of the Australian cotton association, predicts that production is expected to continue to grow in the next quarter.

 

However, the cotton industry in Australia will usher in the recovery of the good news, local cotton farmers are not very optimistic. Because they are "still dealing with the problem of losing China, its biggest market.".

 

China is reported to be the largest buyer of Australian cotton. The annual export value of Australian cotton in the Chinese market was once as high as $800 million. Now, China Australia relations continue to be tense, cotton farmers have to worry, without the Chinese market, planting production is recovering, where can cotton finally be sold?

 

Australian media have previously pointed out that over the years, Australian farmers' good expectations for the future are pinned on the growing Chinese market. But the reality is that Australian exporters have been hit hard by the impact of Sino Australian relations.

 

The media also pointed out that the Australian lobster industry is still trying to fill the gap created by the loss of the Chinese market, and industries such as barley and wine are still facing an uncertain future. Like these industries, cotton growers are struggling to find new markets.