Finance

FAO food price index rises 3% from a month ago with gains in prices of vegetable oils, cereals… Rising for a third consecutive month, world food prices rose to a new all-time high in October, the UN’s Food and Agriculture Organization (FAO) said on Thursday. The FAO food price index …

Press release… Aegean Exporters’ Associations (EIB) achieved an export of 1 billion 516 million dollars in October with an increase of 23 percent. EIB exported 1 billion 253 million dollars in October 2020. EIB reached an export figure of 13 billion 335 million dollars in the 10-month period of 2021, …

When wildfires broke out in Adana’s Kozan district last summer, Ali Gök did not abandon the saffron he had planted, not even for a day – and now the flowers have blossomed. The season’s first harvest has begun, and Gök, along with other residents of the neighborhood, is working day and …

Stating that structural changes are needed to solve the hike in food prices, Minister of Agriculture and Forestry Bekir Pakdemirli said, “Structurally, I see the most important change in contract production. In order for our farmers to be more comfortable, they need to start contracted production quickly over the years.” …

Selami İleri, Secretary General of Turkish Association of Agricultural Machinery and Equipment Manufacturers (TARMAKBİR) said that the agricultural machinery industry aims to export 1.4 billion dollars this year. İleri said, “The figures we have as of the end of August indicate a growth of 34 percent. We can say that …

Press release… Cahit Doğan Yağcı, Chairperson of the Aegean Furniture Paper and Forest Products Exporters’ Association, said, “When we examine the overall export performance of the three sectors we represent, our exports, which were approximately 4.5 billion in the first 9 months of 2020, rose to 5.8 billion dollars in …

Press release… Mustafa Terci, Chairperson of Aegean Cereals, Pulses, Oilseeds and Products Exporters’ Association, said that cereals, pulses, oilseeds and products sector alone carries out 41 percent of Turkey’s food exports. Mustafa Terci said, “The cereals, pulses, oilseeds and products sector, which alone accounts for 41 percent of Turkey’s food …

Press release… In the export of table olives, the 2020/21 season has left behind with a new record. Turkey has surpassed the 150 million dollar threshold for the first time in its history in table olive exports. The olive tree, which is defined as the immortal tree whose homeland is …

More air in that bag of chips? Fewer flakes in your cereal box? You’re not imagining it: “Shrinkflation,” a tactic used by industry to hide price increases, is back in vogue in the United States. Facing the post-pandemic inflationary surge, partly fueled by bottlenecks in global supply and trouble finding …