Home / Agricultural Economy / Agribusiness / VEGETABLE OIL INDUSTRIALISTS CALL FOR ‘STRATEGIC STOCK’

VEGETABLE OIL INDUSTRIALISTS CALL FOR ‘STRATEGIC STOCK’

Tahir Büyükhelvacıgil, President of the Vegetable Oil Industrialists’ Association (BYSD), said, “The import-dependent vegetable oil sector is affected by the production yields and price fluctuations in the world markets. It is necessary to create a ‘strategic stock’ in oil seeds and derivatives by taking urgent measures. When the stock decreases, prices increase in countries, we buy raw materials such as Russia, Bulgaria and Ukraine. Lack of stock reflects on the consumer as a price increase.”

Tahir Büyükhelvacıgil, President of the Vegetable Oil Industrialists’ Association (BYSD), called for “strategic crude oil and oilseed stocking” in order to avoid problems in oil supply due to the increase in demand across the world and the decrease in oilseed harvest.

Büyükhelvacıgil made an assessment regarding the latest developments in the sector and stated, “There are ‘unacceptable’ fluctuations in purchase prices together with the lack of harvest in these days when the sunflower harvest season continues and if a solution is not found, it may become inevitable that the shelf prices would be affected.”

Pointing out that in the first days of the new type of coronavirus (Covid-19) epidemic, where food logistics was difficult, the Ministries of Trade and Agriculture and Forestry had a successful management, Büyükhelvacıgil added, “In those days though many countries had experienced hardships and difficulties in agriculture and food sector, furthermore emptying of the shelves, we had no troubles like these thanks to the measures taken timely. Our nation did not worry about access to food in this context.”

“With the same holistic approach and sensitivity during the harvest season, we believe to reach successful solutions with our government for both strategic stock building and regulation of abnormal price increases due to the lack of harvest. We are ready to provide any kind of support in this regard as the industry,” Büyükhelvacıgil concluded…

Authors

About İsmail Uğural

Check Also

MANUFACTURERS OF TOBACCO PRODUCTS TO USE 30 PERCENT LOCAL TOBACCO…

Stating that there is approximately 4 thousand tons of tobacco production in Selendi District of …

Bir cevap yazın

E-posta hesabınız yayımlanmayacak. Gerekli alanlar * ile işaretlenmişlerdir

%d blogcu bunu beğendi: