Expected rise in the cotton harvested area, production, imports and total domestic consumption is expected to strengthen Turkey’s cotton business in the upcoming period. As per reports, cotton harvested area will increase due to favorable weather conditions, rising global cotton prices, better yield and increased incentives from the Turkish government.
From 0.57 million hectares in market year (MY) 2019-20, Turkey’s area under cotton harvest will rise again by 28.57 per cent to reach 0.45 million hectares in MY 2021-22.
Cotton production will rise by 19.05 per cent from 0.75 million metric tonne in MY 2019-20 to 0.75 million metric tons in MY 2021-22. Turkey imported 1.02 million metric tonne of cotton in MY 2019-20 and 1.16 million metric tonne in MY 2020-21. It is now expected to import 1.18 million metric tonne in MY 2021-22.
Turkey’s cotton consumption is expected to expand by 10.61 per cent to 1.83 million metric tonne in MY 2021-22.
