Attaché Reports (GAIN)
Report Highlights:
Turkiye’s cotton production in marketing year (MY) 2024/25 is forecast to increase to 865,000 metric tons (MT; 3.97 million bales), since farmers planted cotton on larger area in response to temporary cotton price hikes during the planting season and because of better yields compared to last MY due to better weather conditions.
Cotton farmers are still struggling to make adequate profits in MY 2024/25 to cover rising input costs.
In MY 2024/25 Turkish cotton consumption is expected to decrease slightly to 1.48 million metric tons (MMT; 6.78 million bales).
Cotton imports in MY 2023/24 are forecast to be stable at 775,000 MT (3.56 million bales) and cotton exports are expected to be 250,000 MT (1.15 million bales).
Some companies from the Turkish textile and apparel industries are shutting down, partially closing, or going bankrupt because of low demand for finished garments by brands from Turkiye, while some others are moving investments to lower-cost production countries, like Egypt.
Source: USDA-FAS