Finance

The agriculture producer price index (PPI) advanced 4.59 percent in October from the previous month, data from the Turkish Statistical Institute (TÜİK) have shown. The pace of the monthly increase in the agriculture PPI, however, slowed from September’s 7.14 percent. The annual increase in the agriculture PPI accelerated from 156 percent in …

The European Bank for Reconstruction and Development (EBRD) is extending up to 20 million euroes loan in financing to Tat Gıda, one of Türkiye’s key food producers specialising in plant based food. Tat Gıda the market leader in branded tomato paste, ketchup and canned food. The new EBRD loan will finance Tat Gıda’s initiatives for …

Global spending on food imports is expected to reach a record $1.94 trillion in 2022, the UN’s Food and Agriculture Organization warned on Nov. 11, a 10 percent jump compared to the previous year due to rising prices. The new forecast would mark “an all-time high”, and is due to the depreciating values …

Türkiye can store and transport Black Sea grain products, says head of International Association of Operative Millers – Eurasia… SAMSUN, Türkiye… Citing recent events in the Black Sea grain trade, the head of the International Association of Operative Millers – Eurasia said there is reason to believe Türkiye can be …

Exports of agricultural and processed food products in India increased by 25 pct in the first six months of the current fiscal year 2022-23 (April-September) compared to the same period in FY 2021-22. The total export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to USD 13771 …

The wheat to be purchased from Russia within the scope of the grain corridor will be processed in Türkiye and sent to underdeveloped countries, Agriculture and Forestry Minister Vahit Kirişci has said. “The president [Recep Tayyip Erdoğan] wishes to give the wheat we bought for free as bulgur and flour for free,” Kirişçi told reporters on …

Senior United Nations officials plan to meet members of a high-level Russian delegation in Geneva on Friday to discuss the Ukraine grain deal, a U.N. spokesperson said. “They will continue ongoing consultations in support of the efforts by the Secretary-General Antonio Guterres on the full implementation of the two agreements …

Türkiye’s agrifood exports proved to be buoyant despite growing risks of recession in the global economy and ongoing geopolitical developments, led by Russia’s invasion of Ukraine. Both countries are known as being important markets for the Turkish agricultural industry. Türkiye has been pursuing efforts to diversify markets in an effort …

Press release… Aegean fresh fruit and vegetable exporters focused on the Asian market! Aegean Fresh Fruit and Vegetable Exporters Association (EYMSİB) participated in the Asia Fruit Logistica Fair held in Bangkok, Thailand on 2-4 November 2022 with an info stand. Aegean Fresh Fruit and Vegetable Exporters’ Association Chairman Hayrettin Uçak, …

Overcoming the inflationary squeeze on consumers’ pockets, Norway once again achieved its best-ever month for seafood export earnings in October. In total, the Scandinavian country sold NOK 15.4 billion (USD 1.5 billion, EUR 1.5 billion) worth of fisheries and aquaculture products to overseas markets last month, a new record total …