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Increasing the economic efficiency of the cotton complex in a market economy

Tolibjon KhalikovSamarkand Institute of Economics and Service, Department «Accounting and audit in other industries», 9 Amir Temur St, 140100 Samarkand, UzbekistanNatalya MetelenkoEntrepreneurship and Finance, Engineering Educational-Scientific Institute of Zaporizhzhia National University, Zaporizhia, UkraineKomil UrazovSamarkand institute of Economics and service, 9 Amir Temur St, 140100 Samarkand, UzbekistanUchkun ShirinovSamarkand institute of Economics and service, Department of “Accounting in other sectors and Auditing”, 9 Amir Temur St, 140100 Samarkand, UzbekistanSergey YekimovCzech University of Life Sciences Prague, Faculty of Economics and Management, Department of Trade and Finance, Kamýcká 129, 165 00 Prague – Suchdol, Czech Republic
E3S Web of Conferencesjournal2023en
ABI

Abstract

Uzbekistan has a fairly high economic potential for the development of agricultural production, the formation of the necessary food resources and the development of a raw material base for the processing industry. In recent years, despite the favorable situation in the world textile market, the development of the country's cotton complex is characterized by instability and decline, market transformations in the cotton complex have led to disintegration and a significant imbalance in its functioning. The development of monopoly structures in the field of sales of the industry's products is accompanied by distortions in the pricing system. The intra-industry disunity of the enterprises of the cotton complex does not allow rational use of the existing opportunities for the dynamic development of raw cotton production, its deep processing and increasing the efficiency of the cotton complex. Currently, only a tenth of the produced cotton fiber is processed in the republic, and the rest is exported outside the country.

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