Finance

TURKEY REMOVES THE ANTI-DUMPING DUTY ON US COTTON…

On April 16, 2021, the Government of Turkey (GoT) removed the three percent anti-dumping duty onU.S. cotton. GoT imposed this duty on U.S. cotton imports in 2016 for five years after the conclusion oftheir anti-dumping investigation. Industry sources expect a slight increase in market share for U.S.cotton in the Turkish …

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SPECULATIONS ON BILL GATES BUYING AGRICULTURAL LAND IN THRACE REGION!

Land prices in Turkey’s northwest have nearly doubled after rumors that Microsoft founder Bill Gates bought 22,000 acres of agricultural land in the region. Landowners hoping to cash in on the opportunity are trying to sell their land at exorbitant prices with some listing up to $10,000 per parcel, according to a report Speculations …

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PULSE EXPORT REACHES TO 1 BILLION DOLLARS!

Chairperson of Turkish National Pulses Council (UBK) Abdullah Özdemir said that Turkey has become a net exporter by making foreign sales of pulses worth 973 million dollars in the last three years. Özdemir also stated that a foreign trade surplus of 125 million dollars occurred during this period. Noting that …

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“RISING FOOD DEMAND SHOULD NOT BE ABUSED DURING RAMADAN!”

Press release… Union of Turkish Agricultural Chambers (TZOB), since 2007, has been working through so as not be allowed to pre-Ramadan opportunism. During this Ramadan, we will continue to inform the public by following the producer and market prices. It is important to meet the food needs of our citizens …

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FAO FOOD PRICE INDEX CONTINUES TO RISE CONSECUTIVELY…

Press release… Early estimate for 2021 wheat output positive but 45 countries in need of external assistance for food… 4 March 2021, Rome – Global food commodity prices rose for the ninth consecutive month in February, with quotations for sugar and vegetable oils increasing the most, the Food and Agriculture Organization …

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İLKNUR MENLİK: RAW MATERIAL AND OTHER INPUT PRICE HIKES MUST BE STOPPED

Federation of Food and Drink Industry Associations of Turkey (TGDF) Secretary General İlknur Menlik evaluated the retail law proposal, food prices and other issues on the agenda. While the pandemic still prevails both in Turkey and in the world; Food, agriculture and retail industries are also going through an active …

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“OUR GOAL IS A HIGH-QUALITY AND SUSTAINABLE ECONOMIC GROWTH”

Press release… According to the UN, World Economic Status and Prospects Report; while the economies of developed countries shrunk by 5.6 percent last year, the economies of developing countries also contracted by 2.5 percent. The pandemic caused 4.3 percent shrinkage in the world economy last year. Turkey’s economy, while the …

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AZERBAIJAN’S PASHA BANK SUPPORTS TURKISH AGRICULTURAL SECTOR…

Pasha Bank provides $6.4M for agricultural fintech firm Tarfin to back advanced investors in Turkey… Azerbaijan’s Pasha Bank has provided 46 million Turkish liras ($6.4 million) of funds for Turkish fintech firm Tarfin to support advanced investors in the agricultural sector, according to a statement on Thursday. The bank issued …

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DAVUT ER: THIS EXCHANGE RATE IS NOT COMPETITIVE FOR OLIVE OIL EXPORTS

Press release… Er: Our olive oil exporter has become unable to export the product Davut Er, Chairperson of the Aegean Olive and Olive Oil Exporters’ Association (EZZİB), said, “The 15 percent drop in foreign exchange rates put the exporting companies that made their agreements at the beginning of the season …

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TURKISH CB TO FORM A DIVISION ANALYZING FOOD AND AGRICULTURAL PRODUCT MARKETS…

The Turkish Central Bank on Feb. 4 announced its decision to form a division in charge of analyzing developments in the food and agricultural product markets. This division will “perform an early warning function by carrying out a detailed and timely analysis of data regarding the prices of food and …

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