Vehbi Canpolat, Chairperson of Türkiye Textile Finishing Industrialists’ Association (TTTSD), said, “Our cotton import has exceeded 2 million tonnes, our production is about 800-900 thousand tonnes. China, India and Uzbekistan do not sell us fibre anymore, we buy it from the USA, Greece, Brazil and Australia.”
“Drought and the fact that the producer countries keep the raw materials to themselves will bring along supply and price problems and we will have problems in this sense,” Canpolat added.
‘PRODUCTION BALANCE IS DISTURBING’
Istanbul Textile and Raw Materials Exporters’ Association (İTHİB) Chaiperson Ahmet Öksüz stated that the drought or the decrease in production also affected Türkiye, the world’s 5th largest textile supplier.
“The kilogram price of cotton, which was 16.75 TL in May 2021, increased to 56.6 TL in May 2022. This increase in cotton prices has a negative impact on the production costs of our sector and the production balance in the sector has started to deteriorate,” Öksüz explained.
“We are faced with unfair import pressure, especially in cotton yarn. Our most important expectation is to rise the additional customs duties, which are between 5 and 8 percent in the cotton yarn sector,” he concluded…