Turkish fresh produce prices are losing their competitiveness on the EU market.

Turkiye

Market & Price Trends

Cumhur Yantiri

Published Nov 27, 2021

According to the buyers from Germany, Holland, Poland, Czechia, and France, Turkish fresh produce prices are losing their competitiveness in the EU markets due to the uncontrollable and inexpugnable depreciation in value in Turkish Lira. Therefore, buyers are reluctant to trade with Turkish suppliers and prefer the Italian, Spanish and Greek suppliers.

Jak Eskinazi, the coordinator manager of the Aegean Exporters Associations, has stated the financial crisis in Turkey.
"Many inputs in the Turkish economy, especially raw materials, energy, and logistics, are indexed to foreign currency and the fluctuation of 10-15 percent in one day in foreign exchange is not a wave that can be dealt with. This fluctuation causes great damage to both Turkish businesses and economy and the equity of businesses has eroded. There is no need to be a prophet, in the next stage, banks will come to the point where they cannot give credit. The point reached has already passed the point where the business world can find a solution. Urgent action must be taken. Politicians should come up with solutions together.”

These prices were to CIF prices to Poland from Holland. For comparison, the cheapest orange was €0.89/kg(Tridge margin is not included) last week in Turkey for CIF Poland.