Finance

A digital transformation is taking place in agriculture. In Türkiye, which plays a pioneering role in digital agricultural technologies , agricultural digital investments surpassed 1 billion dollars. Thanks to investments such as sensors and smart agricultural machinery, a 20 per cent increase in agricultural yield was achieved. Up to 70 …

Press release… Ömer Celal Umur, Chairperson of Aegean Tobacco Exporters’ Association, stated that there are big increases in input costs in all agricultural products in Türkiye. Ömer Celal Umur “In recent years, we have had to export Turkish tobacco for 30 percent more on a dollar basis. This may lead …

Yıldıray Gençer, the Chairperson of the Sub-Union of the Seed Industrialists and Producers, stated that the Turkish seed sector has a strong structure. Yıldıray Gençer “We not only produce our own seeds. We export seeds to over 100 countries. In 2023, we exported 326.8 million dollars against 249.6 million dollars …

Press release… 250 million dollars target in cherry exports! The first cherry harvest of 2024 in Türkiye, the world leader in cherry production, was made a week earlier than in 2023 with the early arrival of spring. Hayrettin Uçak The first cherry harvest of the Northern Hemisphere was held in …

Ahmet Hamdi Gürdoğan, Vice President of the Eastern Black Sea Exporters Association (DKİB), stated that salmon export figures compete with hazelnut export figures. “Salmon has become a new alternative product to hazelnut in the Eastern Black Sea Region. Salmon started to compete with hazelnut in terms of income. At this …

Press release… Exports of Sultana raisins, one of Türkiye’s leading export products in food products, soared by 29 per cent on a foreign currency basis in the 2023/24 season. In the 2023/24 seedless raisin export season, which started on 1 September 2023, Türkiye exported the highest amount of raisins to …

The latest news on the cocoa market is that prices surged to a record high of US$9,733/ tonne late in March 2024 and recently topped US10,051/ tonne as inclement weather decimates yields in major production areas. Consequently, the price of chocolate which is the most popular and the largest byproduct …

Record-breaking rain over the past few months has left fields of crops under water and livestock’s health at risk, adding to pressures on food producers. The flooding and extreme weather linked to climate change will undermine UK food production unless farmers get more help, the National Farmers Union said. Debbie …

Solar energy investments continue in Türkiye. Kuzuova Floating Solar Power Plant, Türkiye’s first energy generating floating solar power plant, was established on the surface of Elazığ Keban Dam Lake. The country’s first floating solar power plant (SPP) built on the Keban Dam in Elazığ started to generate electricity. Kuzuova Floating …

Yıldıray Gençer, Head of the Sub-Union of the Seed Industrialists and Producers (TSÜAB), said that as seed industrialists, they give great support to local varieties, but warned that if the entire production is carried out with ancestral seeds with low productivity, tomato, which is 50 liras today, could jump to …