Bad news for chain markets in Turkey after exorbitant prices

Published 2021년 2월 24일

Tridge summary

Turkish President Recep Tayyip Erdogan has ordered to increase the number of Agricultural Credit Cooperatives markets from 180 to 500, and then to 1000, in response to rising food prices. The move is aimed at balancing the market and preventing exploitation of citizens. The Turkey Retailers Federation has also suggested regulations to prevent unfair competition and maintain balance in the retail industry. The federation highlighted issues such as the difference in VAT rates and the growth of private label products in national and discount markets.

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

Original content

President Recep Tayyip Erdogan stepped in after increasing food prices recently. Erdogan ordered to increase the number of Agricultural Credit Cooperatives markets against the high price application. In the first place, it is aimed to increase the number of markets from 180 to 500 and then to 1000. If there is no improvement in prices, the number will be increased further. Erdogan IMPORTANT INSTRUCTIONS President Erdogan continued his speech as follows: "Continuing production in 2020. Despite all the troubles, reaching 16 million tourists in the year, the requirement to transform into a new breakthrough period of 2021 for Turkey agreed to turn growth positive. Praise, leading indicators that this year The production and export side is going very well. We have no problems in food production, supply and distribution that cause panic in many parts of the world. At present, the number of Agricultural Credit Cooperatives is intensely from 180 to 500. "WE HAVE TO TAKE THIS STEP" Because ...

Source: Bursadabugun