For the first time in history, sugar prices abroad are higher than in Turkey

Hüseyin Akay, Chairman of the Board of Kayseri Beet Growers Cooperative, said, "For the first time in history, sugar prices abroad are higher than in Turkey." Noting that sugar is smuggled abroad despite the low production because sugar prices in Turkey are low, Akay said, "Turkish Sugar's determination of a quota of 20 million 632 thousand tons means that this much sugar will be used. Moreover, the sugar used last year was compared to the ones transferred from the previous year. Together, it was about 2 million 900 thousand tons. Therefore, there is a need for sugar at this level in Turkey. If you produce 2 million 400 thousand tons, there will be a sugar deficit of 500 thousand tons. We cannot afford it from abroad. Because we cannot afford this abroad, either. In other words, there are problems in production, and secondly, for the first time in its history, sugar prices abroad are applied more than sugar prices in Turkey. In other words, the price of sugar in the London stock ...