Finance

The European Union is preparing 100 million euros ($109.32 million) of compensation for farmers in countries bordering Ukraine and plans to introduce restrictions on imports of Ukrainian cereals, a European Commission spokesperson said on Wednesday. Pressure has been mounting on Brussels to work out a European Union-wide solution after Warsaw and …

The economy management took action against the supply restriction with the spike in red meat prices before Eid al-Fitr. The Turkish Competition Authority started a preliminary investigation to determine whether there was a speculative price increase or supply restriction in red meat prices before the Ramadan Feast. While their control …

Türkiye moved to the top spot in aquaculture production in the past four years, surpassing all EU member states, according to the Agriculture and Forestry Ministry. The industry generated $1.7 billion in export revenues in 2022, shipping products to 103 countries. Production of the sector, which was more than 500,000, is expected to be around …

Press release… Pointing out that last year they hosted the General Assembly of the European Spice Association (ESA), one of the largest organizations in the spice industry worldwide, Gürle said, “We have signed a very important organization with the participation of senior executives from 40 different countries with a very …

Fruit and vegetable exports from Türkiye’s Western Mediterranean region increased by 26 percent between Jan. 1 and April 11 from a year ago to stand at $229 million. Shipments of fresh vegetables and fruits generated $248 million and $41 million in revenues, respectively, according to data from the Western Mediterranean Exporters’ Association (BAİB). Citrus …

Press release… The aquaculture and animal products sector, which brought 4 billion 66 million dollars of foreign currency to Türkiye in 2022 by supplying the world’s protein needs, set an export target of 5 billion dollars for 2026. Aegean Fisheries and Animal Products Exporters’ Association (ESÜHİB) Chairperson Bedri Girit stated …

Russia’s threat to bypass a landmark grain deal underpinned prices, with Chicago wheat futures climbing more than 1% on Monday, rising for the first time in four sessions. Corn prices eased, weighed down by improved weather outlook for U.S. spring plantings. “Rising Black Sea tensions could underpin U.S. wheat futures…,” …

Press release… Aegean Furniture Paper and Forest Products Exporters’ Association Vice Chairman of the Board Nurettin Tarakçıoğlu said that the Green Reconciliation regulations, which they, as Aegean Exporters’ Associations (EIB), focus on the most, start with sustainability production. “The ‘Spice Exporters Group’, which we have formed within the body of …

The damage caused by the earthquake in the agricultural sector amounted to 24.2 billion liras. In the report prepared by the Presidency’s Strategy and Budget Department after the earthquakes, suggestions as a road map for the solution of the problems in the agricultural sector, which, according to the first determinations, …

Press release… Benchmark for world food commodity prices fall in March for the twelfth month in a row… FAO Food Price Index declined 2.1 percent from February and 20.5 percent from its level a year earlier… The benchmark index of international food commodity prices declined for the 12th consecutive month …