Finance

Monthly decline reflects lower prices of vegetable oils, dairy products, says UN agency… Global food prices fell 0.6% in February, the 11th consecutive monthly decline, the UN Food and Agriculture Organization (FAO) reported on Friday. The FAO Food Price Index averaged 129.8 points in February, decreasing from 130.6 points in …

Güres Group participated in Gulfood 2023, which was held in Dubai between February 20-24 and is shown as the world’s largest food fair with more than 5 thousand participants from 120 countries. Güres Group, which has the largest fully integrated egg production facility in Türkiye with an annual production capacity …

Press release… The vegetable oil sector accounted for 58 dollars of every 100 dollars exported from the Aegean… Muhammet Öztürk, who announced the 2022 export scorecard of the Aegean Cereals, Pulses, Oil Seeds and Products Exporters’ Association (EHBYİB) on the basis of sectors, said in his written statement, “Our vegetable …

Press release… Believing that one of the most important pillars of sustainability for a green and livable world is to increase organic production and exports, the Turkish organic sector presented Turkish organic foods to the world at the BioFach Organic Products Fair, the biggest meeting of the world organic sector. …

Press release… Turkish Statistical Institute (TURKSTAT) data reveals that the low exchange rate-low interest policy supports imports more than exports! While Türkiye had a foreign trade deficit of 46 billion dollars in 2021, it jumped to 110 billion dollars in 2022. Jak Eskinazi Commenting on Türkiye’s foreign trade data, Aegean …

Press release… While Türkiye exported 25 billion dollars of food products in 2022, the grain, pulses, oilseeds sector was at the peak of food exports with an export of 11.4 billion dollars. The sector alone realized 46 percent of Türkiye’s food exports. Cereals, pulses and oilseeds sector which is the …

The devastating earthquakes that struck Türkiye last week could result in a loss of up to 1% of the country’s gross domestic product (GDP) this year, said the European Bank for Reconstruction and Development (EBRD) on Thursday. In its latest report, the ERBD said this is a “reasonable estimate” due to the …

Restrictions come into effect Wednesday and are valid until June 30… MOSCOW… Under a decree passed last December, effective Wednesday, Russia has limited its grain exports to foreign countries to the amount of 25.5 million tons. The restrictions will be valid until June 30, and do not apply to grain …

Ukrainian producers of organic products have achieved something almost unbelievable through the support of the Research Institute of Organic Agriculture FiBL. In 2022, the year of the war, Ukraine managed to increase its exports of organic agricultural products by 13 %. From 14–17 February 2023, Ukraine will once again attend …

Food Price Monitoring and Analysis (FPMA) Bulletin #1, 10 February 2023… International prices of wheat fell again in January, as the short-term outlook for global supplies continued to improve, in particular following latest estimates of larger 2022 outputs in Australia and the Russian Federation than earlier expected. By contrast, international …