Turkiye: Cotton and Products Update

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.