Finance

Catering industrialists stated that companies operating in the ready-to-eat food sector have become unprofitable due to the difference between general inflation and food inflation. Bursa Catering Industrialists Association (BUYSAD) announced the cookware inflation in July. Association Chairperson Coşkun Dönmez said that food prices increased by 3.18 percent in July, thus …

In Turkey, which holds approximately 70 percent of the world’s oregano (thyme) exports, 69 million dollars of oregano was exported in 2020. As for oregano, which contributes approximately 1 billion TL to the country’s economy, OGM (General Directorate of Forestry) will produce 420 thousand oregano saplings in 2021. Struggling for …

Press release… A Meeting was Held with Tomato Paste Companies for a Seamless Tomato Season… A meeting was held with the representatives of tomato paste factories operating in İzmir province, which ranks 3rd in tomato paste production in the country, to evaluate the production in 2020, to plan the production …

Mine Ataman, founder of the Seed Platform, said that if no action is taken, climate change will cause great damage to the agricultural sector and agricultural production. Suggesting that many crops will not be able to be produced in the next 10 years if this situation continues, Ataman also stated …

Press release… Cereals, vegetable oils and dairy drive FAO Food Price Index lower for second month in a row… 5 August 2021, Rome – Global food commodity prices fell in July for the second consecutive month, according to a benchmark United Nations report released today. The FAO Food Price Index averaged 123.0 points …

According to the new report published by the United Nations, there will be serious famine in 23 different points around the world in the next 4 months. The 2 sub-organizations of the United Nations, the Food and Agriculture Organization (FAO) and the World Food Programme (WFP), in their advice published …

Unexpectedly dry weather conditions in Turkey between April and June in many regions led to lowerwheat and barley production forecasts for MY 2021/22. The wheat production forecast is 16.5 MMT,barley production forecast is 4.5 MMT. Planting for the first corn crop finished and production isforecast at 6.8 MMT. The Turkish …

Press release… The poultry industry broke a record in exports. Bedri Girit, Chairperson of the Aegean Fisheries and Animal Products Exporters’ Association, said that poultry industry, which brought in 347 million dollars of foreign currency to the country in the January-May period of 2020, increased its exports to 440 million …

Press release… Rıza Seyyar, Member of the Audit Board of the Aegean Cereals, Pulses, Oilseeds and Products Exporters’ Association, said that after the pandemic, all countries showed a very serious demand for raw materials, which are subject to international trade under the name of “safety stock” in oilseeds, cereals, pulses …

Press release… Nurullah Eskitütüncü, Member of the Board of Directors of the Mediterranean Fisheries and Animal Products Exporters’ Association (ASHİB), stated that one-third of the raw material need of the leather and intestine sector, which has reached an export value of 8 billion 540 million dollars in the last 5 …