Home / Agricultural Economy / Agribusiness / DROUGHT POSES THREATS TO TEXTILE INDUSTRY!

DROUGHT POSES THREATS TO TEXTILE INDUSTRY!

Drought is impacting cotton production, posing additional risks to Türkiye’s large textile and garment industry which has seen weaker demand since June, according to people from the industry.

Cotton

The decline in output and drought is impacting Türkiye, which is the world’s fifth-largest producer of textile products, said Ahmet Öksüz, the chair of the Istanbul Textile and Raw Materials Exporters Association (İTHİB).

The price of cotton rose from 16.75 Turkish Liras per kilogram in May last year to 56.6 liras in the same month of 2022, Öksüz said, adding that this is exerting pressure on production costs. He called for removing the 5 percent to 8 percent additional customs duty to provide some respite to companies in the industry.

Ahmet Öksüz

Cotton imports exceeded 2 million tons while local production is around 800,000 to 900,000 tons, according to Vehbi Canbolat, the chair of TTTSD, another textile association.

“China, India and Uzbekistan have stopped supplying fibers. We turned to the U.S. Greece and Brazil to buy them. Supply problems and price issues will emerge due to drought and as countries keep raw materials for their own consumption.”

Orders in the textile and garment industry have declined by 10 percent in the garment and 20 percent in the textile industry since June.

Vehbi Canbolat

By Gamze Şener,

www.hurriyetdailynews.com

About İsmail Uğural

Check Also

Türkiye has 3,703 endemic species!

Türkiye, which has forest, mountain, steppe, wetland, coastal and marine ecosystems as a result of …

Leave a Reply

Your email address will not be published.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