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Saturday, 29 October 2022 14:17

Turkey cotton acreage up 28 per cent

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Turkey’s cultivation area of cotton has increased this year. Cotton cultivation areas are estimated to have increased by 28 percent compared to the previous season. The ginning crop rate is estimated to be 40 percent in the new season.

On the other hand, low cotton purchase prices are not able to meet the demands of producers in the face of increasing costs and this situation may adversely affect producers in cultivation next season. If prices are low in the new season, manufacturers who cannot see a return on their costs may not want to sell the product.The availability of high-priced cotton and high-cost yarns in the stocks of spinners may cause a 12 per cent to 20 percent demand shrinking in the new season. It is expected that producers will see better prices after the new year.

Cotton maintains an important position in the country’s economy by providing raw materials to nearly 30 industries with its main and by-products.It makes a serious contribution to the economy, especially in the production of oil, seed, pulp, gunpowder and textiles. Turkey exports cotton seeds to countries such as Greece, Spain, Azerbaijan, Kyrgyzstan and Tajikistan and the demand is increasing every year.