COTTON PRODUCERS EXPECT 1.25 LIRAS AS SUPPORT PREMIUMS...
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...