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Southeastern Anatolia’s Cereal Exports Reach 2.3 Billion dollars in 8 Months…
Press release…
The cereals, pulses, oilseeds and products sector, which holds the leading export position in Southeastern Anatolia with a 29.9 percent share of total exports, saw its exports increase by 4 percent to 2.3 billion dollars between January and August. Sunflower oil, the leading export item, saw per kilogram price hike by 23.2 percent, generating 400.4 million dollars in revenue, a 19.5 percent spike compared to the same period last year. Pasta exports, which ranked second, decreased by 3.2 percent to 395.8 million dollars, while wheat flour exports, which ranked third, decreased by 26.6 percent to 241.8 million dollars.
“Our share in the 700 million dollars worth of sunflower oil exports is 56.5 percent.”
Celal Kadooğlu, Chair of the Southeastern Anatolia Cereals, Pulses, Oilseeds and Products Exporters’ Association, commented on the remarkable spike in sunflower oil exports, taking into account sector dynamics.
“As a strong supplier of vegetable oils, our orders are steadily increasing thanks to the connections we have established in various markets, particularly the Middle East and Africa. However, last year’s decline in sunflower oil export unit prices did not fully reflect the sector’s momentum. This year, stocks nearing depletion in Ukraine and Russia and the supply shortage in global markets caused our sunflower oil export unit prices to rise by over 23 percent,” he said.
“These price hikes also led to a strong 17.3 percent rise in Türkiye’s sunflower oil export revenues. Ongoing drought concerns for the new season suggest that prices may remain high in the coming months,” he added…
