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Agribusiness

BREAD TO BE MORE EXPENSIVE ANYMORE!

Together Russia and Ukraine produce about 14% of world’s wheat, making for almost one-third of global wheat exports… Russia’s 12-day-old war on the nation of Ukraine, long known as Europe’s breadbasket, is expected to push up prices on flour-based products such as bread, pasta, and biscuits. Since the war began, …

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DR. VAHİT KİRİŞCİ: NO SHORTAGE IN SUNFLOWER OIL

In response to the claims that sunflower oil stocks are depleted due to the Ukraine crisis, Minister of Agriculture and Forestry Professor Dr. Vahit Kirişci said, “Our country has sufficient sunflower oil stocks. Do not rely on baseless claims. There is nothing to be worried about.” “Speculations that do not …

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FIRST OLIVE OIL LICENSED WAREHOUSE TO BE ESTABLISHED IN AKHİSAR!

First in Turkiye! Manisa’s Akhisar district establishes olive oil licensed warehouse Akhisar Commodity Exchange will complete the missing piece of the olive oil supply chain. With the licensed warehouse approved by the Ministry of Trade, the traceability of olives and olive oil will increase, and adulteration will be prevented. Upon …

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BULGARIA TO BOLSTER ITS GRAIN RESERVES!

Bulgaria has plans to bolster its grain reserves and buy enough grain from local producers to ensure domestic needs for a year ahead as it weighs in risks from Russia’s invasion of Ukraine and volatility of grain markets, its deputy premier said. Grain producers in the Black Sea country said …

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TAHİR BÜYÜKHELVACIGİL: THE WAR CAUSED CONCERN IN VEGETABLE OIL INDUSTRY

Tahir Büyükhelvacıgil: The inability to import from these countries due to the Russia-Ukraine war caused concern in the oil industry. Stating that ships to import raw materials from both countries could not come to Turkey during the war, Tahir Büyükhelvacıgil, Chair of the Vegetable Oil Industrialists’ Association (BYSD), said, “Price …

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PRIORITY GIVEN TO DOMESTIC MARKET IN AGRICULTURAL PRODUCTS…

When the Russia-Ukraine war is added to the problem in food supply that started with the pandemic, measures are increasing in Turkiye. In this framework, periodic arrangements can be made in the export of some agricultural products. In this context, 34 more products were added to the list of 20 …

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AEGEAN EXPORTERS OPPOSE THE BAN ON EXPORT OF BULK OLIVE OIL!

Press release… Aegean Olive and Olive Oil Exporters’ Association (EZZİB) made a declaration on the ban on the export of bulk olive oil! “As the only representative of olive oil exporters in Turkiye, we find the ban on olive oil export in packages over 5 kg by the Ministry of …

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PROFESSOR DR. VAHİT KİRİŞCİ, THE NEW MINISTER OF AGRICULTURE AND FORESTRY!

Professor Dr. Vahit Kirişçi was appointed to replace the Minister of Agriculture and Forestry Dr. Bekir Pakdemirli with the Presidential Decree published in the Official Gazette. Dr. Bekir Pakdemirli Dr. Vahit Kirişci, who succeeded Dr. Bekir Pakdemirli, was born on December 4, 1960 in Kahramanmaraş province. Dr. Vahit Kirişci is …

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WHEAT PRICES BOOM AMID NUCLEAR SCARE!

Wheat price reaches $444 per ton after fire breaks out at nuclear plant amid clashes between Ukrainian, Russian forces… ISTANBUL… Following nuclear fears related to the fire that broke out in Ukraine’s Zaporizhzhia Nuclear Power Plant amid clashes with Russia, wheat prices neared the level of $500 per ton in …

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FAO: WORLD FOOD PRICES REACH RECORD HIGH IN FEBRUARY!

FAO food price index jumps 24.1% from last year… World food prices reached an all-time high in February, the Food and Agriculture Organization (FAO) said in a statement Friday. FAO said its food price index averaged 140.7 points in February, up 3.9% from January — a significant increase of 24.1% …

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