Iran’s cotton imports declines

Finance Materials 15 September 2022 15:46
Baku, Azerbaijan Trend News Agency
Iran’s cotton imports declines

Iran’s cotton import has declined 15 percent in the first five months of the current Iranian year (started March 21, 2022), the General Director of the Office of Cotton & Oilseeds at the Ministry of Agriculture Ebrahim Hezarjaribi told Trend.

Although cotton import is being monitored farmers are concerned about irregular import, he said adding that the Ministry of Agriculture has predicted 300,000 tons of cotton will be harvested in the current Iranian year.

The harvest volume will indicate 20 percent growth compared to the previous year which was 250,000 tons of cotton, he noted.

Hezarjaribi underlined that the government is likely to guarantee the purchase of cotton based on free market rates if necessary.

The cotton harvest has recently started in Golestan and part of Razavi Khorasan provinces and would usually continue till mid-winter.

Hezarjaribi pointed out that the supply of subsidized seed was one of the reasons for the increase in cotton production. Cotton seeds were supplied to farmers 2.5 times more than last year at half price while the rest of the country’s cotton needs to be imported.

A 45 percent decline in the price of fertilizers was another reason for the increase in production, he said adding that a sufficient amount of cotton growth regulating hormones is supplied to farmers while cotton defoliation hormones will be supplied for manual and mechanical harvest.

According to the official, the private sector is cultivating 30 percent of the country’s produced cotton based on a contract farming plan. Private sectors such as textile industries, production cooperatives and cotton factories will operate contract farming and provide inputs and financial aid to farmers.

Hezarjaribi pointed out establishing 100 cotton promotional patterns and holding training courses for producers and farmers.

The Ministry of Agriculture has announced cotton is one of the eight products under its protection, and subsidized advances will be provided for cotton production in the new crop year including offering credits for the purchase of combine harvesters, equipment, reconstruction of cotton factories and producers of seeds.

The pricing council and supportive policies for agricultural products are expected to provide incentives to new cotton farmers.