4. Cotton 3/3 Flashcards
1
Q
Products after ginning cotton
A
Cotton seed
Lint
Trash/leaves
2
Q
Classing parameters (5)
A
- colour
- trash/dirt/dust content
- staple (length of fibre)
- smooth or lumpy
- strength
3
Q
Cotton market works well in Australia because (3)
A
- there is competition for the growers cotton
- growers are guaranteed payment regardless of market conditions, middlemen assume all the risk associated with selling cotton.
- Forward contracts are used to sell the vast majority of cotton produced in Australia
4
Q
2021 exports of cotton
A
304,000 ton to Vietnam
130,000 ton to Indonesia
58,339 ton to turkey
45 000 to to Thailand
5
Q
1.5% increase in price of cotton from 2020-2021
A
6
Q
Major issues of cotton industry (4)
A
- export dynamics
- drought preparedness
- water security
- labour skills shortage
7
Q
Gross margin range for cotton
A
$3686/ha to $787/ha (dryland)
8
Q
Cotton demand
A
Increasing Mainly due to Bangladesh and Vietnam opening more cotton mills.
9
Q
How many cotton farms in aus
A
1500
10
Q
Sustainability cotton became the first Ag industry to benchmark what
A
It’s environmental impact
11
Q
Improvements since 1992 (3)
A
48% less water
34% less land
97% less insecticide
12
Q
Double skip
A
Best suited to dry profiles
