Cotton and hort are driving prices

Cotton, hort, driving water prices, says Aither

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Leading Australian economics, policy and strategy analyst Aither has found irrigation allocation prices for July and August have been driven by demand from cotton growers and horticulturalists in the Murrumbidgee and Murray.

Aither’s latest monthly water market report has found demand from cotton growers and horticulturalists in the Murrumbidgee and Murray valleys drove allocation prices in July and August. 

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Aither director Chris Olszak said prices opened strongly at between $100 and $145/megalitre (ML), on the back of plans for a cotton crop in excess of 60,000 hectares. “Current prices are right on the break even point for rice growers, so October will be an important month for planting decisions,” Mr Olszak said.

RICE PLANS: Chris Olszak, Aither, has released the latest monthly water report.

RICE PLANS: Chris Olszak, Aither, has released the latest monthly water report.

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