Turkey: Cotton and Products Update
Link to report:
The Turkish cotton crop for MY 2020/21 is now estimated at 350,000 hectares and 615,000 MT (2.825 million bales). Low yields, unattractive cotton prices, inflated costs, uncertainty created by COVID-19, and better returns from alternative crops in addition to not enough subsidies from GoT and the fourthyear rotation rule are the major reasons for the expected decrease in planting areas. Domestic cotton consumption for MY 2019/20 is estimated to be about 1.4 million metric tons (6.4 million bales). Cotton imports for MY 2019/20 also went up to 919,779 MT (4.22 million bales), during the first eleven months of the marketing year, due to lower local supplies and favorable global prices. The U.S. continues to be the major cotton supplier for Turkey.
