THE GLOBAL WINDOW OF TURKISH FOOD AND AGRICULTURE The Global Window of Turkish Food and Agriculture Sector
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Press release…
According to data shared by the Turkish Exporters Assembly (TİM), the cereals, pulses, oilseeds and products sector, which includes chocolate and cocoa products, sunflower oil, biscuits and wafers, confectionery varieties and staple food items such as pasta and wheat flour, achieved a total export value of 9 billion dollars in the first nine months of the year.
‘Our sector plays a balancing role in domestic food prices’
Ahmet Tiryakioğlu, Chairman of the TİM Cereals, Pulses, Oilseeds and Products Sector Board, pointed out that according to September PMI data, the food sector managed to enhance its production volume during a period when other sectors struggled to receive new orders and that employment, purchasing volume and stocks also rose.
“The rise in food inflation observed in September was largely due to increases in fresh fruit and vegetable prices, i.e. factors such as climatic conditions, drought and regional agricultural frost. On the other hand, we see that price stability is more balanced in cereals, pulses and oilseeds and that our sector plays a balancing role in domestic food prices. During this process, the Turkish Grain Board’s (TMO) announcement of reasonable grain sales prices and its supply of sufficient quantities of products to the market made a significant contribution to balancing the domestic market. These steps were developments that renewed confidence in the continuity of supply, both in the sector and among consumers,” he said.
‘Our food industry has a high value-added production capacity’
Highlighting that the hike in the sector’s export unit prices exceeding 10 per cent indicates the value-added production capacity of the food industry in Türkiye, he noted, “Strengthening support for agricultural production and increasing the production capacity of food businesses will contribute to the development of both domestic market stability and competitiveness in foreign markets in a way that supports the fight against inflation. At this point, productivity and economies of scale should be key agenda items. The convergence of knowledge and capital with land is critical to the development of agriculture.”
“Our farmers have experience, land and equipment; our industrialists and exporters have capital, market knowledge and analytical power,” he added…
