News

A forecast predicts a tsunami of Turkish fruits and vegetables to Europe

Fruits
Vegetables
Turkiye
Published Jun 15, 2023

Original content

Immediately after the presidential election in Turkey, won by the current president, Recep Tayyip Erdogan, the Turkish currency suffered another collapse. Fruit growers ask: When will we receive the funds to grow old Bulgarian varieties This is expected to have a huge impact on fruit and vegetable trade in the European Union, Central Asia, the Caucasus and the Middle East, writes the East Fruit electronic publication, quoted by Darik Business Review. Since the election, the Turkish lira has already fallen 14% against the US dollar, with the downward trend continuing. In the summer of 2021, one dollar was worth 8.67 Turkish Lira, and today - 23.37 Turkish Lira. This means that for the last two years, the Turkish currency has already depreciated 2.7 times. A devaluation of the local currency always stimulates exports and severely limits import opportunities. In the first four months of 2023, fruit and vegetable exports from Turkey increased by 10%. After another devaluation of the ...
Source: Agri
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