Finance

El Nino fallout; global sugar prices surge as Asian crops bear brunt Spiraling sugar prices left Ishaq Abdulraheem with fewer choices. Increasing the cost of bread would mean declining sales, so the Nigerian baker settled on cutting his production by half. For scores of other bakers struggling to stay afloat …

Press release… On 26 September 2023, IFFCO Group added a new one to its 95 operations in 49 countries around the world by acquiring all of the shares of Felda Iffco Gıda, a group company in which it has a 50 percent. shareholding. Felda Iffco Gıda (Food) will continue its …

Press release… China International Import Expo was a success… Turkish exporters successfully left China’s largest import fair behind. 15 Turkish companies worked overtime to ramp up Türkiye’s exports to China at China’s most prestigious fair, China International Import Expo 2023 (CIIE), held for the 6th time in Shanghai, China on …

Press release… OCTOBER ABUNDANCE IN FRESH FRUIT EXPORTS… Ferhat Gürüz, Chairman of the Board of Directors of the Mediterranean Fresh Fruit and Vegetable Exporters Association, announced that Türkiye’s fresh fruit and vegetable exports in October reached 314 million dollars with an increase of 31 percent compared to the same period …

Press release… Türkiye exports sea bass and sea bream fresh and Turkish salmon and trout frozen…The world likes Turkish sea bass and sea bream fresh and Turkish salmon and trout frozen… Sea bass and sea bream 73 per cent of sea bass and 78 per cent of sea bream were …

New Reports Urge Action on Hidden Costs, Farm Support… A major new report from the UN Food and Agriculture Organization (FAO) has found that the agrifood system imposes “hidden costs” of at least USD 10 trillion – while the Organisation for Economic Co-operation and Development (OECD) has published new analysis showing support to …

Minister of Agriculture and Forestry İbrahim Yumaklı answered the questions and criticisms of the deputies during the budget negotiations of his ministry in the Grand National Assembly of Türkiye (TBMM) Plan and Budget Commission. Stating that the total debt of farmers is 535 billion liras, Yumaklı said, “While the ratio …

Press release… Turkey’s 10-month exports of aquaculture products totalled 1 billion 404 million dollars… Sea bass The world liked Turkish sea bass and sea bream fresh, Turkish salmon and trout frozen. While the world demanded Turkish sea bass and sea bream fresh, Turkish salmon and trout were mostly consumed frozen. …

Press release… In the first two months of the 2023/2024 hazelnut export season, which started on 1 September 2023; hazelnut exports from türkiye reached 54 thousand 78 tonnes and 356 million 918 thousand dollars of foreign currency inflow was provided in return. Sebahattin Arslantürk Sebahattin Arslantürk, Vice President of the …

Press release… Ali Kındap, Chairman of the Board of Directors of the Geothermal Energy Association (JED), said that the sector currently employs over 20 thousand people in areas such as energy production, thermal tourism, residential heating and geothermal greenhouses. “IT CAN MULTIPLY ITS EMPLOYMENT BY FIVE TIMES” Stating that geothermal …