THE GLOBAL WINDOW OF TURKISH FOOD AND AGRICULTURE The Global Window of Turkish Food and Agriculture Sector
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Nearly 1,4000 supermarkets operated by the Agricultural Credit Cooperatives on Aug. 15 began to offer more than 30 items, at discounted prices.
Those items include, meat, poultry, flour, sugar, rice, onions, sunflower seed oil, liquid soaps and paper towels as well as some fruits.
The move came after Recep Tayyip Erdoğan announced last week that the Agricultural Credit Cooperatives will lower its prices.
“We will start selling cattle with a 30-35 percent discount. This will also align those who upset the balance of the markets,” Erdoğan said on Aug. 10, adding that he gave instructions to the Agricultural Credit Cooperatives.
The Agricultural Credit Cooperatives is a not for profit-oriented institution, the president added.
“We are expecting other retailers to follow suit, and this will have a favorable impact on food prices,” Treasury and Finance Minister Nureddin Nebati wrote on Twitter.
“We are determined to protect people against food inflation.”
The minister recalled that the global food prices entered a downward trend after reaching record levels in February and that global prices fell by 0.6 percent in May, 2.3 percent in June and 8.6 percent in July and noted that Türkiye’s agricultural production has increased considerably this year.
