Turkiye: Cotton and Products Update

  |   Attaché Report (GAIN)   |   TU2023-0026

Türkiye’s cotton production in marketing year (MY) 2023/24 is forecast to decrease to 755,000 metric tons (MT; 3.5 million bales), since farmers will choose to plant less cotton in response to decreasing cotton prices and rising input costs. Cotton farmers were unable to make adequate profits in MY 2022/23 to cover rising input costs. In MY 2023/24, Turkish cotton consumption is expected to increase to 1.65 million metric tons (MMT; 7.6 million bales). Cotton imports in MY 2023/24 are forecast to be 800,000 MT (3.7 million bales), with the United States maintaining its market share as the leading supplier.

Related Reports

Attaché Report (GAIN)

South Korea: Korea Whiskey Market Brief

South Korea’s whiskey imports experienced a compound annual growth rate (CAGR) of 17.1% in value from 2020 to 2024, totaling $249 million.
Attaché Report (GAIN)

South Korea: Korea Tree Nut Market Brief

With limited domestic production and increasing consumer demand, Korean imports of tree nuts continue to grow steadily, recording a compound annual growth rate of six percent over the last five years.
Attaché Report (GAIN)

Ukraine: Sugar Annual

Post forecasts marketing year (MY) 2025/26 sugar production at 1.5 million metric tons, a 17 percent decrease from Post's previous MY estimate. The main factor is uncertainty over the EU’s trade policy toward Ukraine past June 2025.