
Turkey's domestic cotton output has fallen to 446,000 tons, leaving spinners reliant on imports for 75% of raw material needs. Cotton-growing area shrank by 10,000 hectares and production estimates were cut, with import costs near $2.29 billion.
Higher Turkish import dependence supports demand for cotton and cottonseed products, while farm economics strain domestic seed cotton supply, a modest bullish signal for cottonseed meal and oil.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.