Chairperson of the National Olive and Olive Oil Council (UZZK), Dr. Mustafa Tan, stated that there are enough domestic production olive oil stocks in Turkiye. “This year, we produced approximately 235 thousand tons of olive oil. We have around 270-280 thousand tonnes of olive oil with the stock taken from …
Read More »NİHAT UYSALLI: NO PROBLEM IN PASTA PRODUCTION
Pasta Producers and Industrialists’ Association (MÜSAD) Chairperson Nihat Uysallı made statements about the impact of the war between Russia and Ukraine on the wheat and pasta industry. Uysallı stated that Turkiye’s stock of both durum and bread wheat is sufficient. Nihat Uysallı Nihat Uysallı said that Turkiye’s stocks of both …
Read More »“FLOUR, EDIBLE OIL AND PASTRY PRODUCTS SECTORS WILL BE NEGATIVELY AFFECTED BY THE WAR”
Press release… Hüseyin Arslan, Chairman of the Board of the Mediterranean Cereals, Pulses, Oilseeds and Products Exporters’ Association (AHBİB), announced that they realized exports of 181.7 million dollars in February, an increase of 74 percent compared to the same period of the previous year. Noting that as AHBİB, they exported …
Read More »FOOD PRICE INFLATION PUSHES MILLIONS INTO POVERTY!
The continued steep rise in food price inflation, from 3.4% in 2019 to 5.7% at the beginning of this year, remains a major concern for South Africa, as it is exacerbating poverty and food insecurity among the country’s poorest households. The sharp rise in food inflation is driven by both …
Read More »WHEAT TO BE MOST AFFECTED COMMODITY!
Texas A&M AgriLife economists say wheat is among the commodities that could be affected most by the war! The Russian invasion has brought devastation to Ukraine, and uncertainty and volatility fueled by the conflict are rippling through U.S. and Texas agriculture markets. Texas A&M AgriLife Extension Service economists said both …
Read More »BREAD TO BE MORE EXPENSIVE ANYMORE!
Together Russia and Ukraine produce about 14% of world’s wheat, making for almost one-third of global wheat exports… Russia’s 12-day-old war on the nation of Ukraine, long known as Europe’s breadbasket, is expected to push up prices on flour-based products such as bread, pasta, and biscuits. Since the war began, …
Read More »TAHİR BÜYÜKHELVACIGİL: THE WAR CAUSED CONCERN IN VEGETABLE OIL INDUSTRY
Tahir Büyükhelvacıgil: The inability to import from these countries due to the Russia-Ukraine war caused concern in the oil industry. Stating that ships to import raw materials from both countries could not come to Turkey during the war, Tahir Büyükhelvacıgil, Chair of the Vegetable Oil Industrialists’ Association (BYSD), said, “Price …
Read More »COMMODITIES CHAOS HITS AFRICA!
Just over a week into Russia’s invasion of Ukraine, the fallout of the war and unprecedented sanctions on Moscow are shaking global supply chains and financial markets, with the impact already being felt in Africa. With Russia a major producer of commodities including oil and wheat, sanctions and supply chain disruption are causing commodity …
Read More »FAO: WORLD FOOD PRICES REACH RECORD HIGH IN FEBRUARY!
FAO food price index jumps 24.1% from last year… World food prices reached an all-time high in February, the Food and Agriculture Organization (FAO) said in a statement Friday. FAO said its food price index averaged 140.7 points in February, up 3.9% from January — a significant increase of 24.1% …
Read More »“VITAL UKRANIAN CROP HARVEST IN JEOPARDY AS FARMERS ESCAPE THE COUNTRY”
With some farmers leaving Ukraine and farm staff fighting for their country there are fears the Russian invasion will significantly hurt this year’s Ukrainian harvest. As Russian troops advance to most areas of the country farmers are unsure if they can start seeding spring crops in March to get this …
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