Finance

The Agricultural Insurance Pool (TARSİM) issued 3.2 million policies and distributed 22.5 billion liras in state premium support and damage compensation to farmers in 2024, according to Agriculture and Forestry Minister İbrahim Yumaklı. Speaking to state-run Anadolu Agency, Yumaklı highlighted TARSİM’s crucial role in protecting farmers from natural disasters and ensuring …

In the January-December period of 2024, hazelnut exports from Türkiye reached 324 thousand 438 tonnes and 2 billion 638 million 359 thousand dollars of foreign currency inflow was obtained in return. When these export realisations were compared with the same period of the previous year, an increase of 14 percent …

Press release… The FAO Food Price Index (FFPI) stood at 127.0 points in December 2024, down 0.6 points (0.5 per cent) from November. This decline was driven by decreases in the price indices for sugar, dairy products, vegetable oils and cereals, offsetting increases in meat prices. The FFPI was 8.0 …

Press release… Exports from the Eastern Black Sea region provinces; Trabzon, Rize, Artvin and Gümüşhane amounted to 1 billion 752 million 344 thousand 554 dollars in 2024 and there was a 27 percent increase in the exports of the region compared to the previous year. In 2024,1 exports worth of …

Press release… ‘54 percent of November exports are tangerines, lemons and oranges’ 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. Evaluating the performance of the Turkish …

The United Nations General Assembly declared the first International Year of Cooperatives in 2012 and called to highlight the contributions of cooperatives to socio-economic development, particularly their impact on poverty reduction, employment generation and social integration. Cooperatives around the world celebrated this inaugural event under the theme Cooperative Enterprises Build a Better …

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 …