A vicious circle is active in potatoes and onions in Turkey

Published Dec 26, 2022

Tridge summary

Prices of essential food items, onions and potatoes, have seen a significant increase of 733 percent in onions and 288 percent in potatoes in the past year due to decreased supply and increased production costs. The highest price increase was recorded in November, with onions breaking a record at 48.8 percent and potatoes at 26.3 percent. The Chamber of Agricultural Engineers predicts that these high prices will continue in winter vegetables, with agricultural input costs having increased by 175 percent in these products. The production of dry onion has decreased by 6 percent, while potato production is estimated to increase slightly in 2022.

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

Original content

In the last year, prices have increased by 733 percent in onions and 288 percent in potatoes. With the decrease in supply in November, the price of onions broke a record. A vicious circle has been re-entered in two basic products. Potatoes and onions, which are the staples of kitchens and the staple food of the poor, broke new price records last month, while rising production costs and problems in supply point to a new vicious circle. According to TZOB data, the highest price increase was seen in onions with 48.8 percent in November, while the price increase in potatoes reached 26.3 percent. PRICES WILL ALSO IN WINTER In the last year, when we look at the market prices, increases of 733 percent in onions and 288 percent in potatoes were observed. Noting that production costs in all agricultural products have increased and food prices will continue to rise despite the decrease in inflation due to the base effect, Chamber of Agricultural Engineers Chairman Baki Remzi Suiçmez ...

Source: Gidatarim