Browse Data and Analysis

Turkiye’s cotton production in marketing year (MY) 2023/24 is forecast to decrease to 695,000 metric tons (MT; 3.19 million bales), since farmers chose to plant less cotton in response to decreasing cotton prices and rising input costs.

While Colombia´s regulatory environment remains friendly toward the adoption of biotechnology-derived crops and products, congressional anti-biotechnology initiatives pose a threat to further acceptance, and risk undermining future investments to benefit consumers and the agricultural sector.

World peach and nectarine1 production has seen significant growth in the past decade, rising more than 20 percent from 19.6 million tons to 24.2 million in 2022/23.

The wheat and barley harvest is continuing in Turkey, approximately two weeks behind the normal harvest schedule this year. Wheat production is forecast at 17.25 Million Metric Tons (MMT), and barley production is forecast at 7.4 MMT in Marketing Year (MY) 2022/23. The first corn crop planting finished with total corn production forecast at 6.2 MMT.

Since February 2022, Turkey has applied an export ban to more than a dozen agricultural products, including vegetable oils, meat, pulses, and some dairy products. On June 26th, the ban on butter exports was replaced with a monthly quota, and on July 7th, the ban on olive oil exports was removed.

Turkey has a young population of 85 million people. The country is in a Customs Union with the EU, has free trade agreements with EFTA and 22 other countries (excluding the U.S.), and is the 23rd largest economy in the world. The International Monetary Fund (IMF) forecasts Turkey’s annual Gross Domestic Product (GDP) growth at 3.2 percent between 2022 and 2026.