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İLKNUR MENLİK: RAW MATERIAL AND OTHER INPUT PRICE HIKES MUST BE STOPPED

Federation of Food and Drink Industry Associations of Turkey (TGDF) Secretary General İlknur Menlik evaluated the retail law proposal, food prices and other issues on the agenda.

While the pandemic still prevails both in Turkey and in the world; Food, agriculture and retail industries are also going through an active period. Increase in global food prices, food inflation across Turkey and attempts to reduce prices are among the important items on the agenda.

TGDF Secretary General İlknur Menlik spoke to Lale Elmacıoğlu from The Independent Turkish and evaluated many developments around the sector recently.

Will the increase in food prices continue?

Stating that the high global food prices depend on many variables, Menlik commented that “the increase in food prices may slow down”.

Pointing out that the increases in raw material and other input prices should be stopped or compensated through economy, trade and agricultural policies, Menlik said, “The most important of these variables is raw material costs. The price increase in agricultural products is reflected on the consumer with the upsurge in sector inputs such as energy and transportation.”

“The Turkish lira has recently depreciated greatly. The effects of this are only just seen. The coronavirus outbreak makes the situation difficult. It is a fact that there is an annual inflation of around 15 percent in our country in general. Price increases are not arbitrary, they are the result of macroeconomic developments,” Menlik added.

“In order for the rise in food prices to remain below inflation, the increases in raw material and other input prices must be stopped or compensated through economic, trade and agricultural policies,” Menlik concluded…

Source: www.gidahatti.com

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