Australia is expected to have the world’s highest cotton yield at 2,107 kg per hectare for the 2013-2014 season, according to projections from the latest “Cotton: World Markets and Trade” report published by the United States Department of Agriculture (USDA) this month.
The island continent is expected to produce 4.5 million 480-lb bales of cotton grown on 470,000 acres of land.
Turkey, Brazil and Mexico all come in as close seconds with yields between 1,450 and 1485 kg per hectare.
The projected cotton yield for the United States is 906 kg per hectare with production, consumption and ending stocks up from last season. The forecast US farm price is down to $0.74 and the spot price and A-Index continue to decline on concerns about China’s reserve policy, the report notes.
China’s expected cotton yield is 1,387, down from last season’s 1,438.
Concerns over India’s production and ending stock estimates have been quelled as the India Cotton Advisory Board recently revised production estimates for the crop–changes USDA adopted and used to reflect more accurate supply and demand estimates for India’s coming season. The country is projected to have a cotton yield of 540 kg per hectare, up from 517 in 2012-2013 season, and production estimates total 29 million bales of cotton for 2013-2014.