TURKISH AGRI.NEWS

The new coronavirus outbreak in China may lead global buyers to find new markets, especially in sectors such as textile, garments and steel, and Turkish businesses are one alternative. The outbreak, however, also may cause a decline in the country's exports to the Far East, such as natural stones of which China is the No. 1 buyer. According to a report by Turkey's Ministry of Agriculture and Forestry, COVID-19 will cause a possible shrinking of China's textile and garment industry – for a country that is a huge exporter for global brands – and this may drive those brands toward Turkey, increasing the importance of cotton growing in the country. The report by the ministry's Department for Agricultural Basins, which evaluated the effects of the new outbreak on the cotton sector, stressed that China had the biggest share in the overall fiber cotton imports during 2018 and 2019 which recorded nearly 9.3 million tons worldwide. Bangladesh, Vietnam, Pakistan and Turkey had f...

High premium expectation in cotton production... Cotton farmer wants a premium of 1.25 TL... Cotton producers expect 1.25 liras premium per kg as for one of the most important agricultural products of Menemen (a county of Izmir) and also Turkish economy. Producers already declared that premium of 0.80 liras announced in 2018 will be insufficent for this year and said that the figure would be over 1 lira and that they were expecting 1.25 liras. Menemen Chamber of Commerce Chairman İzzet Süsoy said, "56 thousand tons of cotton was produced in our region. In general we have four million tons of cotton production capacity but only 850-950 thousand tons produced. While only the textile sector needs 1.5 million tons of cotton, producing around 950 thousand tons makes us obliged to import. ” Süsoy said that this year cotton premium is expected to be 1.25 liras per kilogram, “We think that this figure will be an important step in support of the producer. Supporting producers a...