Turkey: Statement on cocoa and chocolate prices from TİM

Turkish Food Exporters made evaluations about cocoa prices, which reached a historical peak, exceeding 10 thousand dollars per ton, due to factors such as climate change and drought. Pointing out that the export of food preparations containing chocolate and cocoa has a 7 percent place in the export of grains, pulses, oilseeds and products worth 12.4 billion dollars in 2023, TİM Cereals Pulses Oilseeds and Products Sector Board Ahmet Tiryakioğlu stated that cocoa prices will increase. He evaluated the rise as follows: “According to TÜİK data, the size of our total cocoa imports, which exceeded 211 thousand tons last year, reached 672 million dollars. At the end of this raw material entry, which also includes domestic consumption needs, our chocolate and cocoa product exports in 2023 reached 860 million dollars. As in almost every field of food, our companies have a competitive structure in chocolate, serving a wide geography. On the other hand, a fundamental feature of our ...