There were record 1800 people attended this years conference. Australan cotton industry was hit with some quality concerns and drought is causing 50% reduction for next year crop. Despite all the challenges, majority of all Australian growers attending the conference shows how resilient and dynamic our Australian cotton industry is. There were more than 30 presentations over 3 days, i have attached few presentation which reflects the current situation of Australian and Global cotton industry from trade perspective. Please let me know if you require any further information.
My personal view on the medium to long term, MSP(Indian minimum support price), US loan will stop farmers selling their cotton to the merchants/traders if it goes below .60c level, creating an artificial demand outside of China, which will support the Future price to .60-.70c level. Approx. 50% of the US crop is already committed, so If Chinese state reserve comes back in the market we should see a push towards .80c -.90c