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ACSA, Cotton Australia receive govt grant for market diversification

ACSA, Cotton Australia receive govt grant for market diversification
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Cotton looks further afield for markets

The Hon David Littleproud MP Minister for Agriculture and Northern Australia Cotton Australia and the Australian Cotton Shippers Association awarded $692,456 to develop and implement an Export Market Diversification Strategy. Funding will help to make Australian cotton the smart choice for the international textiles industry. The Australian Cotton Shippers Association (ACSA) and Cotton Australia (CA) have received a $692,456 grant from the Australian Government to develop and implement a strategy for market diversification. Minister for Agriculture and Northern Australia David Littleproud said the grant would play an important role in coordinating a plan for the future of Australia’s cotton industry. “This grant will establish a long-term strategy for market diversification for the entire cotton industry,” Minister Littleproud said.

Australia seeks safe haven for its cotton in South East Asia as tariff war with China escalate

Australia seeks safe haven for its cotton in South East Asia as tariff war with China escalate Australia seeks safe haven for its cotton in South East Asia as tariff war with China escalate By Angela Gonzalez-Rodriguez Dec 22, 2020 The relationship between China and Australia continues to deteriorate, after a year-long escalation of veiled accusations, decreasing mutual trust and strangled trade agreements. Now, the Australian cotton industry faces the potential loss of its 611 million Australian dollars cotton trade to China. Australia’s cotton industry is fully reliant on exports and China is one of the country’s major markets. Indeed, the cotton industry is one of Australia’s most significant contributors to the agricultural sector, with exports worth around 2 billion dollars each year. Australia is one of the world’s top four cotton exporters, competing in a heavily subsidised international market.

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