15 September, 2008
Cotton prices around the elusive $500 per bale level has sparked renewed interest in dryland cotton production in the farming areas on NW NSW and Queensland’s Darling Downs.
Cotton Seed Distributors Agronomist John Marshall said if the attendance at the recent series of dryland cotton information meetings across the industry were any indication, this season was showing a lot of promise.
“Close to 50 growers attended the meetings in total and there were a lot that couldn’t get there due to the rain the previous week.”
“With cotton over $500 per bale, including seed, and sorghum just over $200 per tonne, growers are swinging back to cotton in a big way, buoyed also by an increased range of marketing options, including area pools,” Mr Marshall said.
These trends were echoed by CSD Agronomist James Quinn who presented a detailed comparative analysis between the two summer crops.
“The gross margin at average yield levels for cotton far exceed those for sorghum, despite the higher growing costs.”
“We would need to see a significant jump in sorghum price to equate to the cotton gross margin.” Mr Quinn said.
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