New price hikes of food in Turkey

Published 2021년 9월 15일

Tridge summary

Turkey is experiencing high prices for fruits and vegetables despite the end of the summer production season. The upcoming wave of price increases is expected to be caused by the end of field crops and greenhouse production not yet in the market, increased animal feed prices, and customs duties on imports of basic food products. The government is monitoring companies for unfair price increases and controlling product prices at retail outlets. The high costs of feed, fertilizer, and seed are causing problems for producers, leading to a difficult winter for agriculture.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The summer season has passed, but consumers have not seen the blessings of the summer months. Despite the fact that field production is in progress, the summer ended without the expected decreases in fruit and vegetable prices. In the near term, it is stated that there may be a new wave of increase in prices due to the end of field crops and greenhouse production that has not yet entered the system. In animal production, animals fed on pastures are now starting to enter. Therefore, the need for feed for animals will increase. Feed prices, whose annual increase rate exceeds 60 percent, are expected to have an impact on many products from dairy products to meat products, from poultry to eggs. Drought, which is effective in 40 provinces across Turkey and creates a problem especially in cereals and pulses regions, is reflected in the markets. In this context, customs duties on the imports of barley, wheat, corn, oats, chickpeas and lentils, which are basic food products that increase ...
Source: Paraanaliz

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