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Interim 2014 Australian Cotton Comparative Analysis Results

Interim 2014 Australian Cotton Comparative Analysis Results

23 October 2014

Boyce, in conjunction with the Cotton Research & Development Corporation, have released interim results for the 2014 Australian Cotton Comparative Analysis.

The interim results reveal an operating profit of $584 per hectare, down $195 from the 2013 results. 

In most growing areas it was a tough season, with little in crop rain. In some areas, rain and extended overcast weather during picking contributed to large discounts.

Boyce Associate Director, David Newnham, said that for some time, the expectation had been that the Australian Cotton Comparative Analysis (ACCA) will begin to reflect a sizeable increase in the average yield as some growers have been achieving yields of 12 bales per hectare or higher and individual fields have been reported as yielding as high as 15 bales per hectare.

“The potential is obviously there for considerable average yield increase,” said Mr Newnham.

“Growers have however, again suffered from disasters with little to no in-crop rain, heatwave conditions throughout January, and rain at picking causing loss of crop. These factors continue to lower the average across the industry.”

Mr Newnham explained that although it was recognised that the numbers in the final report will vary from this interim report, it was important to publish these figures before planting of the 2015 crop commenced.

“This will allow growers to compare their individual 2014 results against the average across the industry and to assist with the 2015 budget process,” said Mr Newnham.

Key Findings of the 2014 Interim ACCA

  • Cotton proceeds reduced by $11/ha. 

     - The yield was down on prior year by 0.24 bales/ha.

     - The price for lint was down $141/ha. The price per bale was down $3 ($437 compared to $440 in 2013).

     - The seed price was up $161/ha. The price per bale was up $16 ($65 compared to $49 in 2013).

     - The cost of ginning increased by $14/ha. The price per bale was up $3 ($62 compared to $59 in 2013).

  • Total costs per hectare were greater than last year by $184/ha ($3,992 in 2014, $3,734 in 2013), with the major variances being:

     - Savings in cartage $51 and contract farming and ripping $87.

     - Increases in R&M Farming plant $139 and wages $82.

(Note that some variances may be attributable to the growers who make up the current sample compared to those who participated in the 2013 report.)

Download a PDF version of the report here.

If you would like to participate in the ACCA or require further information please contact David Newnham, Paul Fisher or Phil Alchin at Boyce Moree on 02 6752 7799 or contact your local Boyce office.

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