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Turkey: Cotton and Products Update
- 英文名称:
- Turkey: Cotton and Products Update
- 年份:
- 2022
- 出版地:
- Washington, DC, USA
- 语种:
- English
- 摘要:
- Attractive cotton prices, good yields, and favorable weather conditions spurred Turkish farmers to plant more cotton earlier this spring. Owing to a larger than expected increase in cotton plantings, production in marketing year (MY) 2022/23 is forecast higher at 950,000 metric tons (MT). In contrast, cotton consumption is projected to contract to 1.8 million MT amid Turkiye’s ongoing economic challenges and the threat of a global economic slowdown. In response to these economic conditions and increased production levels of domestic cotton, the MY 2022/23 cotton import forecast is trimmed back to about 1 million MT. The United States is expected to remain Turkey’s top cotton supplier.