Home / Agricultural Economy / Agribusiness / BERTAN BALÇIK: COTTON INDUSTRY FEELS UNEASY ABOUT THE COMMUNIQUE OF THE MINISTRY OF COMMERCE!

BERTAN BALÇIK: COTTON INDUSTRY FEELS UNEASY ABOUT THE COMMUNIQUE OF THE MINISTRY OF COMMERCE!

Press release…

The fact that cotton exports have been put under registration with the Communiqué of the Ministry of Commerce caused uneasiness especially among the producers and traders.

Although this communiqué does not mean that cotton exports will be banned or restricted in its current form, it is met with concern as it will lay the groundwork for a similar decision in the future.

In a market where domestic demand is met by imports rather than domestic production, a reasonable explanation cannot be made for recording exports. In addition, there is concern that this decision will be perceived as a sign that the scenario of “integrating into world markets”, which our country has been successfully implementing in the world cotton markets, is being abandoned.

Turkey has no notable exports; As of last year, it exported only 93 thousand tonnes of cotton, which corresponds to 12% of its production and 10% of its imports.

It is seen that this export, which was in the range of 0.5 to 6% before, has attained a certain stability at the level of 10% as of the last three years.

This is actually a development to be welcomed. Because the Average Value of exported cotton is 17% higher than that of imported cotton and these are sustainable cottons such as Organic, Go Organic and Good Cotton.

For these reasons, these exports do not affect the domestic market or increase the standard cotton prices.
These cottons, whose production costs are much higher than conventional cottons, cannot be marketed at lower values; Any suppression of prices will lead to a decline or even extinction of this production.

It is known that our domestic industries also have a demand for this kind of special cotton coming from the same external sources and this demand is gradually developing, especially with the global epidemic.
In this case, what needs to be done is to develop our sustainable cotton production, which is of great importance for the future of our country’s cotton industry and our trade and industries based on this production, with the investment and incentive policies to be implemented in cooperation with our relevant ministries.

In this way, the contribution of the global competitive production power of our Textile and Apparel industries, which still processes each billion dollars of domestic cotton to 11 billion dollars by processing and exporting almost half of them (46%), creating a foreign exchange income of 5.6 billion dollars, which is a current account surplus, will rise exponentially.

Based on these facts, our Council, as the umbrella organization representing the cotton producers, traders and industrialists of our country, has submitted the re-evaluation of the said decision to the discretion of our Ministry of Commerce.

Bertan Balçık

Chair of National Cotton Council

Authors

About İsmail Uğural

Check Also

CHILD LABOUR HITS 160 MILLION ACROSS THE WORLD!

Coronavirus puts 9M additional children at risk of being pushed into workforce by 2022 end, …

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: