Finance

International cereal quotations dip, vegetable oil prices rise and record grains harvest is expected in the year ahead… The benchmark for world food commodity prices were broadly stable in November, with lower international cereal quotations offset by higher prices of vegetable oils, the Food and Agriculture Organization of the United …

Türkiye meets 80 percent of the world production of oregano, which is among the most demanded medicinal and aromatic products in the world. Spices and herbs Spice exports are recorded through the Aegean Furniture, Paper and Forestry Products Exporters’ Association along with the Aegean Cereals, Pulses and Oil Seeds Exporters’ …

Press release… Işık: Problems in dried fig exports will be solved with common sense In the 2023/24 season, exports of dried figs, the fruit of paradise, surged by 6 percent in value from 84.8 million dollars to 89.7 million dollars in the 2-month period. In terms of quantity, dried fig …

Press release… Export bans in the olive oil sector did not reduce prices in the domestic market, but increased prices by 30 percent! Stating that the restrictions imposed on bulk and barreled olive oil exports did not lead to a decrease in prices in the domestic market and caused a …

Press release… 2 New Investments from Abalıoğlu Yağ (Oil) in Izmir… Abalıoğlu Yağ (Oil), which established one of the vegetable oil plants with the highest capacity and the most advanced technology in Western province of Izmir’s district Aliağa, is making two new investments in the region. With the additional investment …

Antalya Commodity Exchange (ATB) and Antalya Agriculture Council (ATAK) Chairman Ali Çandır evaluated the Agriculture Input Price Index (Agriculture-GPI) for September announced by the Turkish Statistical Institute (TURKSTAT). Stating that the Agriculture-GPI was announced as 2.63 per cent per month, Çandır said, “This figure has been announced as 1.7 times …

The beets planted by farmers in Türkiye’s Eastern Anatolia provinces of Muş and Bitlis are transformed into sugar in factories. Sugar beet Turgut Kızılkaya, General Manager of Muş Sugar Production Industry Inc., stated that they aim to contribute 2.5 billion liras to the economy this year. In Bitlis, it was …

Olive oil prices in Greece surge by nearly 70%, pushing past $15 per liter in supermarkets, affecting Mediterranean diets… Olive oil, an essential staple of Greek cuisine and other Mediterranean diets, has become a luxury for many in Greece, due to skyrocketing prices.  A view of olives being washed in …

The region without sea is making money from fishing! Ramazan Çolak 2 million dollars of exports in one year… In Gümüşhane, which has no seaside coast, trout grown in dam lakes are exported to countries such as Russia, China, Chile and Japan. “We exported 2 million dollars in 2023” 15 …

Press release… Nine months after earthquakes devastated 11 provinces in southern Türkiye, more than 4,600 small businesses in these provinces will be able to start up again thanks to cash grants distributed by United Nations Development Programme (UNDP) under a Swedish-funded programme. The total value of UNDP’s “post-earthquake recovery grants” …