Turkiye: Cotton and Products Update

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. 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 1.55 million metric tons (MMT; 7.12 million bales). Cotton imports in MY 2023/24 are forecast to be 750,000 MT (3.45 million bales), with the United States maintaining its market share as the leading supplier. In October 2023, the Government of Turkiye (GoT) increased the customs tariffs for imported yarn and fabric, as well as imported ready-to-wear garments and home textiles.