Home / Agricultural Economy / Extension - Information / “OUR AIM IS TO REACH 1 MILLION TONNES IN COTTON PRODUCTION”

“OUR AIM IS TO REACH 1 MILLION TONNES IN COTTON PRODUCTION”

Aegean Exporters’ Associations (EİB) Coordinator Chairman Jak Eskinazi stated that the aim of the next season is to reach 1 million tonnes of cotton production thanks to the recently announced subsidy support.

Bekir Pakdemirli, Minister of Agriculture and Forestry, had declared the subsidy in cotton last week. Accordingly subsidy amount of cotton declared as 1.1 lira per kilo with a 37.5 percent increase compared to last year. Along with fertilizer and diesel support, the total amount of supports will reach the level of 1.23 lira per kilo.

Expressing that they expect an rise in the number of producers next year, Eskinazi said, “I think we should work to ensure that the subsidies are not fixed, but according to the world markets. We should be in coordination with the Ministry on this issue.”

“Production of cotton, which is a strategic crop, should be increased and the producer should also be happy,” Eskinazi added…

About İsmail Uğural

Check Also

Higher vegetable oil quotations drive up FAO Food Price Index, but lower cereal and sugar prices temper the rise…

Press release… » The FAO Food Price Index (FFPI) averaged 127.5 points in November 2024, up 0.5 …

Leave a Reply

Your email address will not be published.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