Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
cotton production in Israel
Economy

Cotton production has increased in Israel: reasons for the interest in the crop

27.06.2023
2 min read

The country has resumed large-scale cotton production

Israel is one country that produces various products that cover a large share of the population’s needs. Moreover, the agricultural industry here is regularly adjusted to ensure its efficiency. A prime example is cotton production. Early in its history, Israel actively cultivated the crop, but over time, it has switched to other more profitable plants for the local economy. Now, farmers are turning their attention back to cotton. According to official figures, the number of crop producers tripled in 2022. Also, during this period, the area under cotton cultivation increased by 300% compared to the previous figures.
Analysts say that cotton production has decreased in the country for almost 25 years. The main reason for the decline was the high water tariffs, which could not be compensated by the cheapness of production in the world market. However, in 2022 the situation changed: cotton prices, as did demand, began to rise. This did not go unnoticed by the Israeli farmers, who decided to restart production. As a result, the acreage sown has increased. For example, in 2021, cotton was grown in an area of 27 thousand dunams. In 2022 this figure rose to 84 thousand, and in 2023 it reached 90 thousand dunams. In addition to the cultivated area, producers increased from 39 to 93 farms and private farmers. As a result, while 5,000 tonnes of cotton were harvested in 2021, the figure for 2022 is 17,000 tonnes.cotton productionLocal experts cite rising global prices as the main factor behind the strong crop production development, stimulating demand. Recently, there has been a renewed interest in cotton products and a decline in the demand for products made from synthetic materials. For example, for three years, the cost of 1 lira of cotton was 1.5 dollars, but at the beginning of 2023, it rose to 3.4 dollars.
The decline in income from other crops, such as peas and sunflowers, also plays an essential role in increasing cotton production in Israel. Their value is falling, making it unprofitable for local farmers to grow them. Moreover, Israeli cotton is highly valued on the global market for its quality. It is exported to countries with developed textile industries, such as India and Turkey.
Cotton cultivation starts in Israel in March, and harvesting occurs in August and September. The crop ripens almost simultaneously on all crops, so harvesting the entire field in one go is possible. This optimizes the use of agricultural machinery.

Tags: Economy
0
Previous Post Laurene Powell Jobs: the woman who didn't shadow her husband Next Post Financial firms interested in buying Silicon Valley Bank

You Might Also Like

oil exports to China
Economy
Oil exports to China increasing: reasons for the growth in volumes
21.02.2021
tax rules in the UAE
Economy
New tax rules come into force in the UAE
29.07.2023
collapse of the US economy
Economy
The collapse of the US economy is inevitable: expert opinion
08.11.2020
Spain's economy grows
Economy
Spain’s economy performs best in the EU
25.03.2025
Forecast of global economic growth
Economy
Global economic growth forecast by World Bank experts
17.04.2022
Alternative energy in Europe
Economy
Alternative energy in Europe is increasing generation volumes
08.12.2021

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics