Purchasing prices for wheat and cotton have increased significantly in Turkmenistan
Wheat
Turkmenistan
Regulation & Compliances
Market & Price Trends
Published Feb 12, 2024
Tridge summary
Turkmenistan's President, Serdar Berdimuhamedov, has approved a resolution to significantly increase the government procurement prices for wheat and cotton from the 2024 harvest. The price per ton of wheat will be raised 2.5 times, from 800 to 2,000 manat, and the cost of medium-staple cotton will more than triple. The price for fine-fiber cotton will also increase significantly. This move is intended to support the state's socio-economic development program for 2022-2028, stimulate wheat and cotton production, and provide incentives for farmers.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
President of Turkmenistan Serdar Berdimuhamedov signed a Resolution on a significant increase in government procurement prices for wheat and cotton, starting with the 2024 harvest, TDH reports. Compared to the purchase prices that were established in 2019, the price per ton of wheat was raised 2.5 times - from 800 to 2,000 manat. The cost of medium-staple cotton has more than tripled. If since 2019 it ranged from 1,365 to 1,500 manats per ton, now it will vary from 4,550 to 5,000 manats per ton, depending on the harvest period. Prices for fine-fiber cotton have increased even more significantly - from 1820-2000 to 6100-6700 manats per ton. The increase in purchase ...
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