The following Global Agricultural Information Network (GAIN) reports were released on Tuesday, April 21, 2020.
Turkey’s food sector is diverse and growing, after a brief period of recession in 2018. Effects of COVID19 are yet to be seen; however, currently the food processing industry appears to be meeting the challenges well. U.S. processed food and food processing ingredients face strong competition from local suppliers and from European countries benefiting from proximity to the market and a customs union. While import regulations can be complex, there are opportunities for innovative ingredients and additives, including aromas and flavorings. Consumers in Turkey have an increasing taste for international flavors, particularly the young and growing middle class.
Sugar beet production and planting area is forecast at 19.2 million metric tons (MMT) and 320,000 hectares (ha) in Marketing Year (MY) 2020/21, assuming favorable growing conditions similar to last year. The production quotas for MY 2020/21 were announced on December 25, 2019, which is identical to the amount allocated last year. The process of privatizing ten state-owned sugar factories has finished. Turkish confectionery products exports are increasing steadily.