Finance

The prices of Arabica coffee extended this week’s rally to reach the highest level since 1977 in trading Wednesday on concerns of limited supplies amid global output woes, caused primarily by drought in major producer, Brazil, coupled with geopolitical factors. A pound of Arabica beans listed in New York hit …

Türkiye has removed an 8 percent customs tax on imports of oil sunflower seeds within its earlier set quota, according to a presidential decree published in the Official Gazette on Wednesday. The country had in August set a quota tariff of 8 percent customs tax for 1 million tonnes of …

 In a study updating provisional figures that were published last year, the FAO has said that agrifood systems face “hidden costs” amounting to 12 trillion dollars! The new numbers, released on 8 November, refine estimates that were presented in the 2023 edition of the agency’s annual report “The State of …

Minister of Agriculture and Forestry İbrahim Yumaklı announced that Türkiye has been awarded the ‘Full Compliance Award’ by the General Fisheries Commission for the Mediterranean (GFCM) for the 4th time in a row. GFCM, which regulates fisheries activities in the Mediterranean and Black Sea under the umbrella of the Food …

İbrahim Afyon, Head of the Central Union of Egg Producers, emphasised that there is no decrease in egg production and explained that the price hikes are not due to production, but to perception and market price scissors.İbrahim Afyon, Head of the Central Union of Egg Producers (YUM-BİR), stated that there …

While the harvest of saffron, which is identified with Safranbolu district of Western Black Sea province of Karabük, which is on the UNESCO World Heritage List and called ‘the most expensive spice in the world’, has ended, the new product will be sold at 450 thousand TL. The harvest of …

Stating that the Mediterranean Fresh Fruit and Vegetable Exporters’ Association, which brings to the forefront the sustainable, high quality and rich product diversity that gives confidence from field to table in international markets, successfully carried out Türkiye’s national participation organisation at the Fruit Attraction 2024 Fair held in Madrid, the …

Sarayköy Geothermally Heated Greenhouse Organised Agricultural Zone, the first geothermal-based agricultural zone in Türkiye, draws attention with both modern agricultural techniques and environmentally friendly production approach. Established on a total area of 729 decares, this zone has 12 greenhouse parcels and 2 industrial parcels. Currently, tomato production is carried out …

According to the Euractiv, Kazakhstan is among the non-EU countries set to benefit from the European Investment Bank’s €465 million fund, part of the €3 billion Pan-European Agricultural Programme launched to enhance sustainability, close financing gaps, support young farmers, and promote climate-resilient practices. This marks the largest-ever financing initiative for agriculture …

The Ministry of Agriculture and Forestry published a guide on its official website on the production planning and support model, which started a new era in agricultural production. Answering 33 questions, the guide aims to introduce this new model to producers. Minister İbrahim Yumaklı announced that this planning is a …