Tridge summary
Turkey has stopped exporting sugar due to a decrease in production and a increase in world prices, in an effort to prevent domestic price increases. The Ministry of Commerce has transferred responsibility for sugar exports from the Ministry of Agriculture and Forestry. This year, Turkey is expected to produce 20% less sugar than last year, and the cost of importing sugar has increased due to freight costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Experts stated that Turkey has exported 260 thousand tons of excess sugar due to the recent increase in sugar prices around the world, but this year, exports are prohibited in order not to increase the prices in the domestic market due to the 20 percent decrease in production. EXPORT TO 13 COUNTRIES Sugar exports, which can be done with permission under the Ministry of Agriculture and Forestry, have been added to the list of "goods subject to registration" by the Ministry of Commerce as of yesterday. It was emphasized that with this decision, which was published in the Official Gazette, it was aimed to prevent the victimization of the consumer with a possible price increase after the yield decrease of 20 percent. Kayseri Beet Growers Cooperative and Kayseri Sugar Board Chairman Hüseyin Akay stated that the export permit given under the responsibility of the Ministry of Agriculture and Forestry was transferred to the Ministry of Trade with this decision, and said, “Last year, ...
Source: Haber7
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