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 basic food items such as chocolate and cocoa products, sunflower oil, biscuits and wafers, confectionery, pasta and wheat flour, achieved total exports of 11.2 billion dollars in the first 11 months of the year.
‘Determination to combat inflation is stabilising food prices’
Ahmet Tiryakioğlu, Chairman of the TİM Cereals, Pulses, Oilseeds and Products Sector Board, pointed out that expectations that supply in the global grain markets will reach record highs this season have led to a search for balance in global food prices.
“As expectations grow that global grain production will approach 2.5 billion tonnes this season, reaching an all-time high, the strong production picture that has emerged is paving the way for the long-felt pressure on food prices to gradually ease,” he said.
“Combined with carryover stocks, this scale, which is expected to exceed 3 billion tonnes for the first time in history, ensures a more predictable supply chain for many products, from maize to wheat. Expectations of normalisation in global financing conditions and more cautious pricing behaviour in major markets are also among the factors supporting this trend,” he noted.
Highlighting that Türkiye has recently emerged as a country that closely follows these global developments and successfully manages its own dynamics in food supply, he added, “In this process, the public sector’s determined stance in combating inflation has significantly contributed to food prices stabilising more quickly and market expectations becoming manageable.”
