THE GLOBAL WINDOW OF TURKISH FOOD AND AGRICULTURE The Global Window of Turkish Food and Agriculture Sector
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Wheat production is estimated to be around 19 million tonnes in 2023, officials said, adding that they do not expect any problems in the local market thanks to the tariffs imposed.
The provinces in the Central Anatolia Region receive enough precipitation, so there should be no issues regarding agricultural production, said Hüseyin Çevik, the president of the Konya Commodity Exchange.
“Both the Turkish Grain Board (TMO) and the market have enough -even more than even enough – corn, wheat and barley,” Çevik explained.
The TMO is expected to announce its purchase price for wheat before the elections. Çevik does not expect a significant increase in the price the TMO will announce.
“Several factors should be taken into account. It concerns all 85 million people [in Türkiye]…there is the food inflation issue. Fertilizer prices are unchanged from last year, while energy prices are 40 percent lower,” he said, adding that the price to be announced should be in line with global prices.
“The global prices are around 300 dollars to 320 dollars per tonne, which was the price in Türkiye last year,” Çevik said.
