Cotton and Hemp

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.

Post increased the forecast for 2023/24 cotton area planted to 1.67 million hectares (ha), an increase of just under one percent from the 1.66 million ha cotton area estimate for 2022/23.

FAS Mumbai forecasts marketing year (MY) 2023/24 India cotton production at 26 million 480 lb. bales on 12.7 million hectares area planted, unchanged from the previous report.

The American agricultural sector posted its best export year ever in 2022 with international sales of U.S. farm and food products reaching $196 billion.