The Turkish flour sector prepares to close the year as the world's export champion

Published 2024년 9월 16일

Tridge summary

Turkey has been the world leader in flour exports for the 10th year in a row, exporting a record 3.66 million tons in 2023. However, a wheat import ban has led to a decrease in flour exports, prompting a revision of the year-end target to 3.5 million tons. The ban has also resulted in market losses in Turkey's three largest markets, Iraq, Yemen, and Sudan, due to higher wheat prices. The ban is expected to be lifted on October 15. The climate crisis is also impacting food prices and agriculture, with Turkey experiencing above-average temperatures since January. The grain yield has increased due to advancements in seeds, water usage, smart agricultural practices, and artificial intelligence. The international community, including Turkey, will convene at the "3rd IAOM Eurasia Conference and Exhibition" in Baku, Azerbaijan, to address sustainability in food supply chains and climate change, in anticipation of the UN Framework Convention on Climate Change (COP29) being hosted in Baku.

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Original content

Having been the world flour export champion for 10 consecutive years by exporting the most flour in world history with its 3 million 663 thousand tons of flour export in 2023, the sector revised its year-end export target to 3.5 million tons. Having set a 4 million tons flour export target for the end of the year in the first half of the year, the sector focused on 3.5 million tons of export for the end of the year due to the decrease in flour exports due to the wheat import ban. Stating that they will close the year as champions again, IAOM Eurasia President Dr. Eren Günhan Ulusoy said, “We had a good 6-month period with the arrival of the domestic harvest in May. According to TÜİK’s estimates, we started to experience a decrease in flour export figures with the implementation of the wheat import ban together with the 21 million tons of wheat harvest. In August, we experienced a 40 percent decrease compared to the same month of the previous year and a 2 percent decrease compared ...

Source: Tarim Pusulasi