Yeni Akit: Türkiye will increase food supplies due to the situation in Ukraine

Published 2024년 6월 24일

Tridge summary

Türkiye has announced plans to increase its food reserves, including at least 1.5 million tons of wheat, 250 thousand tons of barley, 150 thousand tons of corn, and 50 thousand tons of rice, due to concerns over global warming and the situation in Ukraine. The Turkish Grain Board (TMO) will allocate 5 billion liras for these food supplies. The country has also suspended wheat imports from June 21 to October 15, with the possibility of extension, to protect local producers. In the first quarter of the year, Turkey imported 2.1 million tons of wheat, 69% of which came from Russia.

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Original content

Türkiye has decided to increase its food reserves due to global warming and the situation in Ukraine, writes the Yeni Akit newspaper. “In this regard, the Turkish Grain Board (TMO) will annually organize reserves of wheat in the amount of at least 1.5 million tons, barley - 250 thousand tons, corn - 150 thousand tons and rice - 50 thousand tons in case of unforeseen situations. To create The institution will spend 5 billion liras (almost $154 million) on food supplies,” the publication writes, adding that Turkey wants to minimize the possible consequences of global climate change and the ongoing conflict in Ukraine. Turkish authorities previously announced that they would suspend wheat imports from June 21 to October 15. After this date, the import suspension may be extended depending on market conditions. According to the report, this is one of the measures aimed at protecting local producers so that they do not suffer as a result of lower wheat prices. Turkey's wheat imports in ...

Source: Zol