Foreign Trade

Price surge comes after Russia suspends participation in deal, blaming Ukraine for attacks on Black Sea Fleet… Wheat prices gained ground after Russia announced its withdrawal from the Black Sea grain deal, fueling concerns on global supply. Chicago wheat futures surged 5.99% to a two-week high of $8.78 on Monday. …

Press release… Veysel Memiş, Chairman of the Mediterranean Cereals, Pulses, Oilseeds and Products Exporters’ Association (AHBİB) said that they exported pulses, pastry products and vegetable oils the most. Evaluating the region’s exports by product groups as of the third quarter, Chairman Veysel Memiş said that AHBİB member exporters achieved the …

The United Nations, Türkiye and Ukraine pressed ahead to implement the Black Sea grain deal and agreed on a transit plan for Monday for 16 vessels to move forward, despite Russia’s withdrawal from the pact that has allowed the export of Ukrainian agricultural products to world markets. Antonio Guterres Russia, …

Press release… Due to the start of the tangerine season, Aegean Fresh Fruit and Vegetable Exporters’ Association held a “Mandarin Harvest Ceremony” in Gümüldür region of Izmir, the capital of world-famous satsuma tangerine. Emphasizing that the tangerine is the export champion with an amount of 453 million dollars in fruit …

Türkiye’s foreign trade deficit soared by 268.1 percent in September compared to the same month of the previous year and reached 9 billion 595 million dollars and increased by 156.3 percent in the January-September period to 83 billion 97 million dollars. On the other hand, foreign trade surplus of food …

Russia has said it is suspending its participation in the agreement to ensure the continuation of Ukrainian grain exports — vital for food supplies to poor countries — linking the decision to a drone attack on Russian ships in occupied Crimea on Saturday morning. The defence ministry announced the move, and …

Harvest has started in Antalya’s Döşemealtı district, where 25 percent of Türkiye’s pomegranate needs are met. Turgay Genç Turgay Genç, Mayor of Döşemealtı, who participated in the harvest, said, “90 percent of the 30-40 thousand tonnes of pomegranate harvested is exported to Europe and the Middle East. It put a …

Türkiye’s fresh fruit and vegetable exports amounted to $1.94 billion in the first nine months of this year, with 34 percent of those exports going to Russia. The country delivered 3.35 million tons of fruit and vegetables to foreign markets this year, according to Ferhat Gürüz, the head of the Mediterranean Fresh …

Top Turkish seafood firm Dardanel, fresh off its recent acquisition of Greek seafood brand Kallimanis, took part in this year’s edition of SIAL Paris, the world’s biggest food fair. Niyazi Önen Joining the event with both the Dardanel and Kallimanis brands, which it acquired just last month, the company sought …

High inflation to slow down economic activities and decrease demand, say analysts… Sugar Although the commodity market occasionally saw a positive course on a weekly basis, the long-standing selling pressure continued last week as well. Increasing geopolitical risks, ongoing pandemic measures in China, inflationary concerns related to the energy crisis …