Supply alert in sunflower oil

Published 2020년 9월 8일

Tridge summary

The Vegetable Oil Industrialists Association (BYSD) of Turkey has raised concerns over a potential supply shortage due to decreased yields, especially in sunflower crops. BYSD Chairman Tahir Büyükhelvacıgil warned that this could lead to increased prices for consumers if measures are not taken to stock up on crude oil and oil seeds. He highlighted the risks of export restrictions in countries like Russia and Ukraine, which are major suppliers of raw materials to Turkey. Büyükhelvacıgil urged for the creation of a strategic stock of oilseeds and derivatives to ensure food supply stability and predictable pricing.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

WORLD - ANKARA Vegetable Oil Industrialists Association (BYSD) Chairman Tahir Büyükhelvacıgil warned that the decrease in the yield might cause a shortage of supply and stated that the stock of crude oil and oil seeds should be made. Büyükhelvacıgil pointed out that there has been no shortage in supply due to transfer stocks so far, and noted that if countries from which raw materials are purchased cite their own needs, there will be problems if they cut exports. Büyükhelvacıgil said that the shortage of stocks was reflected in the price of the consumer. Making a written statement, Büyükhelvacıgil stated that the harvest period for sunflower is still continuing and that the low yield creates fluctuations in purchase prices that cannot be met normally. Referring to the fact that if a solution is not found, the impact on shelf prices may become inevitable, Büyükhelvacıgil noted that the measures taken by the Ministry of Agriculture and Forestry and the Ministry of Trade in the first ...

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