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Chinese-owned Kimberley Agricultural Investment is growing its first commercial-sized cotton crop in the Ord River region in four decades, on 350 hectares. CSIRO estimates 15,000 hectares could be worth $80 million locally, rising to $340 million with Queensland beef spin-offs.
This is a small, experimental expansion of Australian cotton that adds negligible cottonseed supply to feed markets in the near term.
abc.net.auKristy O'BrienNov 17, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
