31.10.2025 Chairman of Aydın Commodity Exchange and National Cotton Council Fevzi Çondur Welcomes Withdrawal of Presidential Decree Reducing Agricultural Credit Subsidies

Fevzi Çondur, Chairman of the Aydın Commodity Exchange (ATB) and the National Cotton Council (UPK), shared his assessment regarding the withdrawal of the Presidential Decree dated October 24, 2025, which had reduced subsidy rates for Treasury-backed agricultural loans.

Çondur stated that the swift reversal of the decision demonstrates that the collective voice and legitimate demands of producers have been heard.

The decree, which initially reduced interest subsidy rates by about 50 percent while keeping credit limits unchanged until December 31, 2026, faced strong reactions from farmers and sector stakeholders. Following this widespread response, the new decision published in the Official Gazette on October 30, 2025, restored the previous subsidy levels.

Emphasizing that affordable financing is vital for the sustainability of agricultural production, particularly for strategic crops such as cotton, Çondur noted that maintaining interest subsidies is crucial to ensuring production continuity and protecting producers’ competitiveness amid rising costs.

He added that this development once again highlighted the importance of field-based feedback in shaping agricultural policies.

Çondur reaffirmed the National Cotton Council’s commitment to supporting policies that protect farmers’ labor, reduce financial burdens, and promote the sustainability of cotton production, concluding:
“Safeguarding our production capacity and ensuring sustainable agricultural development is a shared responsibility for all of us.”