On-the-Ground Updates

Turkish sugar price expected to continue the upward trend until January

Sugar
Turkiye
Market & Price Trends
Melih Kolukirik
Published Nov 18, 2021
Sugar prices in Turkey were increased by 25% at the beginning of October and by 14% at the beginning of November. Current retail prices are around TRY 5.75 - 6.5 per kg. The price growth rate is still insufficient for the producer. The price is expected to increase by 12% in January and be even higher after the deficit of sugar production in January. According to the second forecast by the Turkish Statistical Institute, sugar beet production, which was 23 MMT in 2020, is expected to decrease by 15.3% in 2021 to 19.5 MMT.
Considering the depreciation of the Turkish lira against the dollar in recent months, the expectation that this situation will continue may lead to high prices in the domestic market.

What to read next

On-the-Ground Updates
Frosty Weather in Poland Disrupts Apple Orchards, Prices Set to Rise in 2024
Theodoros Damvakaris · Apr 25, 2024
On-the-Ground Updates
Price of Fresh Cuttlefish Surged 9.1% WoW in the Italian Market Due to an Abundant Supply
Giselle Landaeta · Apr 24, 2024
On-the-Ground Updates
Egypt's Fresh Garlic Prices Soared by 40% MoM in Apr-24 Amid Inflation and Currency Changes
Emad Kader · Apr 24, 2024
On-the-Ground Updates
Stable Bread Prices in Egypt Despite 10% MoM Drop in White Wheat Prices
Emad Kader · Apr 24, 2024
On-the-Ground Updates
Early Greek Bostana Watermelon Exports Begin Amidst Chilly European Weather
Theodoros Damvakaris · Apr 22, 2024

Read more relevant content

News
Bolivia and Argentina, main markets for Paraguayan Brahmin genetics
Productivacm · Apr 26, 2024
News
THE USDA predicted lower Chinese purchases of beef, but for now it is not happening: Business grew 22% in the first quarter, although with lower prices
Agromeat · Apr 27, 2024
News
The European Parliament approves a review of the common agricultural policy
Chacra Magazine · Apr 26, 2024
News
Zambia authorizes import of Brazilian corn to alleviate food crisis
CanalRural · Apr 26, 2024
News
INAC activated promotion in supermarket chain in China
Agromeat · Apr 27, 2024
News
Denmark to fund feed additive that limits methane emissions from dairy cows
Agropopular · Apr 26, 2024
News
Spain: Call for greater recognition of veterinarians as essential health professionals
Agromeat · Apr 27, 2024
News
“Vacilada”, says Lula about the government not having imported more rice from Venezuela
CanalRural · Apr 26, 2024
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.