Sugar prices abroad are higher than in Turkey for the first time in history

The Chairman of the Board of Kayseri Beet Growers Cooperative Huseyin Akay, said, “For the first time in history, sugar prices abroad are higher than in Turkey.” Noting that sugar is smuggled abroad even though the production is low due to the low sugar prices in Turkey, 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 approximately 2 million 900 thousand tons, including those transferred from the previous year. Therefore, there is a need for this level of sugar in Turkey. If you produce 2 million 400 thousand tons, there will be a sugar deficit of 500 thousand tons. We cannot afford this from abroad. Because there are problems in production abroad, too, 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 on the London stock exchange is 530 dollars at the moment. When we ...