According to ABARES forecasts, Australia's cotton production for the 2025/26 season is projected to be 943,000 tons, a decrease of 23% year-on-year, with a planted area of 406,000 hectares, down 22% year-on-year. PriceSeek's analysis of lint cotton indicates a long-short score of 1.5. The projected 23% decline in Australia's cotton production and 22% reduction in planted area are expected to significantly reduce global supply and drive up spot prices. The recent upward trend in the main cotton futures contract (e.g., the 2605 contract closing at 14,940 yuan/ton, up 170 points) is evident, and this news reinforces bullish expectations, supporting further upward movement in futures prices.
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