More than 50 percent inflation and a rapidly deteriorating crop are causing damage to vegetable exporters of Turkey

Published 2022년 3월 19일

Tridge summary

The Turkish Gardeners' Association has reported a dramatic 80% drop in vegetable and fruit exports to Russia since the onset of the Russo-Ukrainian war, as transportation routes through Ukraine, Poland, Georgia, and the Black Sea have been disrupted. This has significantly impacted Turkish farmers, as Russia was a crucial market, accounting for one-third of total exports in 2021. The war's repercussions have led to a 30% to 40% decrease in product prices in some regions, exacerbated by inflation, which surpassed 54% in January. Despite these challenges, Turkish fresh fruit and vegetable exports experienced a 9% increase in January 2022, generating $2.73 billion in revenue throughout 2021. The exports consisted of 475.007 million tons, with mandarins, tomatoes, lemons, and pomegranates being the most exported products. Russia, Iraq, and Romania were the primary destinations for these exports, with Syria, Austria, and Iraq showing notable growth in January 2022.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a statement by the Turkish Gardeners' Association (TürkHal), shipments to Russia have fallen by 80 percent since the outbreak of the Russo-Ukrainian war. It is not possible to transport via Ukraine, Poland and Georgia can be considered as bypasses, but it is difficult to complete both routes. One-third of Turkish fresh market vegetable and fruit exports were sold in Russia in 2021. FruitVeB wrote that the most important foreign market, $ 1.13 billion a year, has now become inaccessible or difficult to access for Turkish vegetable exporters due to the effects of the Russo-Ukrainian war. At least by road, because one of Russia’s largest retail chains, Magnit, encourages suppliers to then export by sea. Due to congested shipments of vegetables of uncertain destiny, the price of products has fallen by 30 to 40 percent in some regions of Turkey, as fresh vegetables cannot be stored for long, they must be handed over as soon as possible. The fall in prices alone is a major ...

Source: Magro