Cotton prices in the domestic Australian market will remain strong at above AUD 520 per bale through 2017-18, according to a report by Rabobank. The report cites currency weakness, the premium for Australian cotton (largely due to its quality) and global economic recovery as the three factors underpinning the local sector’s profitability in the near term.
Beyond the next 12 months, there is a cause for optimism, largely due to the prospect of recovering Chinese import demand, says the Austral