THE GLOBAL WINDOW OF TURKISH FOOD AND AGRICULTURE The Global Window of Turkish Food and Agriculture Sector
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Wholesale olive oil prices in the global market decreased from 9 euros to 7 euros in the last 45 days. Noting that the decline of 2 euros in the global market has brought the trade to a halt in the domestic market, sector representatives state that the reason for the declining prices abroad is that olive yields in countries in the Mediterranean basin such as Spain, Italy, Greece, Tunisia and Türkiye look good.
Sector representatives also said that a series of meetings have been held with the Ministry of Trade to realise some of the contracts held by exporters in order to allow bulk exports.
‘’The oils in hand will be sold 30 percent cheaper‘’
Mustafa Kürlek, Chairman of the Board of Directors of Köklü Zeytincilik, pointed out that the expectation of high yields this year has pushed prices down by 2 euros in the international market.
“Farmers in Türkiye want to sell their products to the traders, but they cannot make purchases because bulk exports are closed. Due to the ban on bulk olive oil exports, exports of packaged products are also limited. The olive oil remaining from previous seasons in the country will be sold 30 percent cheaper as second class oil if it cannot be exported,” Kürlek said.
By Mehmet Hanifi Gülel,
Source: dunya.com
