Food inflation and energy costs are challenging the industrial food sector.

Rising food prices and energy costs due to drought have put pressure on the industrial food sector. BUYSAD President Şakir Özen stated, "We are trying to offer four servings of food for the price of two cups of coffee," highlighting the challenges faced by the sector. Despite a decline in headline inflation in Turkey, BUYSAD President Abidin Şakir Özen said that the rise in food inflation directly affects the sector's costs. President Özen noted that the price increases triggered by drought and the added energy expenses have become the main factors complicating sustainability. BUYSAD President Abidin Şakir Özen pointed out that the increase in food prices has brought a critical period for the industrial food sector. President Özen recalled that the annual increase in food prices, according to official data, has exceeded 30 percent. He noted that Treasury and Finance Minister Mehmet Şimşek also confirmed this level, stating that this situation increases cost pressure. Emphasizing ...