Finance

Global food commodity prices declined by 2.1% in 2024 compared to the previous year, the United Nations food agency said on Friday, but they remain considerably higher than before the COVID-19 pandemic. The U.N. Food and Agriculture Organization’s (FAO) overall Food Price Index averaged 122.0 points last year – 2.6 …

Hüseyin Aydın, General Manager of Agricultural Credit Cooperatives of Türkiye (TTKK), announced that they will boost grain seed production by 100 percent in line with their 2025 targets. TTKK realised a record level of input sales this year and provided significant support to farmers in product purchases. Hüseyin Aydın, General …

Explaining that they reached an export figure of 32 million dollars in 2024 as Marmarabirlik (Union of Olive Agricultural Sales Cooperatives) , Marmarabirlik Chairman Hidamet Asa said that they set the export target for 2025 as 37 million dollars. Asa stated that they aim to exceed the threshold of 40 …

Press release… International fairs, which prepare a great ground for export agreements in international trade, are preparing to bring exporters and importers together in 2025. Aegean exporters, who want to contribute 50 billion dollars to Türkiye’s annual exports in 2025, will go to 17 fairs with national participation organisation under …

The government has unveiled a new Southeastern Anatolia Project (GAP) Action Plan covering the period of 2024-2028 to support the region’s economic development through large scale investments. “The new GAP action plan aims to complete irrigation investments, expand productive and smart agricultural practices, achieve tourism-oriented growth and, most importantly, create an attractive investment environment …

Agricultural Production Evaluation from Aydın Commodity Exchange: 2024 Year Reviewed Aegean’s province of Aydın’s Commodity Exchange Chairman Fevzi Çondur evaluated the agricultural production process in 2024 and made statements about the problems and solutions in the sector. Çondur stated that the agricultural drought and high temperatures experienced this year, especially …

Agriculture and Forestry Minister Ibrahim Yumaklı on Friday outlined a plan to eliminate Türkiye’s reliance on meat imports, emphasizing the country’s commitment to ensure self-sufficiency in livestock production. In a briefing with media representatives, Yumaklı expressed confidence that by the end of a three-year planning period, Türkiye would no longer …

Saffet Kalyoncu, Chairman of the Board of Directors of the Eastern Black Sea Exporters Association (DKİB), announced that 436 tonnes of honey was exported to 12 countries in the first 11 months of the year. A total income of 1 million 819 thousand 831 USD was obtained from these exports. …

Press release… Ferhat Gürüz, Chairman of the Board of Directors of the Mediterranean Fresh Fruit and Vegetable Exporters Association, announced that the Turkish fresh fruit and vegetable sector exported 360.6 million dollars in November. Stating that they exported the most tangerines, lemons and oranges in the 11th month of the …

Tonne price soars more than 200 percent throughout 2024, reaching 12,931 dollars, mainly due to adverse weather in West Africa… December, 2024… Cocoa hit a record of nearly 13,000 dollars per tonne on the Intercontinental Exchange, as sharp fluctuations continue in other commodities, especially in the agricultural group, following President-elect …