Turkey: Stunning claim about sunflower oil, if all ships come, they will manage us for 2 months

Published 2022년 3월 17일

Tridge summary

Turkey has a sunflower oil consumption of 1.2 million tons annually, of which it can only satisfy half, leading to a reliance on imports for the other half. The country's population has a strong preference for sunflower oil, despite experimenting with other oils like canola, cotton, soybean, and corn. The price gap between sunflower and olive oil, which is commonly consumed, has narrowed due to recent oil market fluctuations. Okan Gaytancıoğlu, the Chief Advisor to the Chairman of the Board in charge of Agricultural Policies for the main opposition party CHP, questioned the effectiveness of daily policies in addressing Turkey's oil deficit, suggesting that the problem requires more comprehensive agricultural strategies.

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

Original content

Aytunc Erkin Identify first… Turkey's annual sunflower oil consumption is 1 million 200 thousand tons, that is, 100 thousand tons per month. Turkey can meet only 50 percent of this consumption. The rest, about half, is met by imports. According to statistics, Turkish people do not consume any oil other than sunflower (canola, cotton, soybean and corn oil). It has been tried a lot for years, but the consumption habit has turned to sunflower oil. Of course, there is also the consumption of olive oil. However, there has been a 1-to-3 price parity between sunflower oil and olive oil for years. In other words, if 1 liter of sunflower oil is 30 TL, 1 liter of olive oil is 90 TL. After the recent oil crisis, this parity is close to 2. While 1 liter of olive oil is 90 TL, 1 liter of sunflower oil varies between 42-45 TL. Yesterday… I got the following message on my phone: “Not four ships… If all the ...

Source: Gidatarim