Flash statement about sunflower oil prices in Turkey

Published 2021년 9월 8일

Tridge summary

Turkey is among the top 10 countries in sunflower cultivation area and production, but its production does not meet the needs of the Turkish vegetable oil industry and reliance on imports continues to increase. Between 2015 and 2020, sunflower imports increased by 3.4 times. In 2020, 96.4% of sunflower oil imports were made as crude oil, costing the country $1.5 billion. To become self-sufficient, more support needs to be provided to sunflower producers.

Turkey also leads in dried and table fig production and exports, accounting for 24% of the world's production. Exports have increased from $211 million in 2010 to $338 million in 2020, with a goal of reaching over $500 million by making diverse high-value products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

TZOB President Şemsi Bayraktar stated that Turkey is one of the top 10 countries among 75 countries in terms of sunflower cultivation area and production amount, and said, “Our sunflower production cannot meet the raw material needs of the Turkish vegetable oil industry. Our country is among the countries that import the most sunflower among 165 countries. Due to the increase in consumption, dependency on imports continues. It has become inevitable to produce permanent solutions to the problems of sunflower agriculture. If the public, private sector, universities and professional organizations working on sunflowers do not deal with the problems in cooperation without prejudice and preconditions, sunflower oil, one of the basic food needs of the society, will take its place on the shelves as a luxury consumption item. In the last 10 years, sunflower cultivation area increased from 566 thousand hectares to 729 thousand hectares with an increase of 28.7 percent, and production ...
Source: Gazetevatan

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