News

New price hikes of food in Turkey

Turkiye
Published Sep 16, 2021

Tridge summary

The summer season has passed, but consumers have not seen the blessings of the summer months. Despite the fact that field production is in progress, the summer ended without the expected decreases in fruit and vegetable prices. In the near term, it is stated that there may be a new wave of increase in prices due to the end of field crops and greenhouse production that has not yet entered the system. In animal production, animals fed on pastures are now starting to enter. Therefore, the need for feed for animals will increase.

Original content

Feed prices, whose annual increase rate exceeds 60 percent, are expected to have an impact on many products from dairy products to meat products, from poultry to eggs. Drought, which is effective in 40 provinces across Turkey and creates a problem especially in cereals and pulses regions, is reflected in the markets. In this context, customs duties on the imports of barley, wheat, corn, oats, chickpeas and lentils, which are basic food products that increase food inflation, were reset until the New Year. There is strict control from wholesalers to retail outlets. Penal actions will be applied to companies that increase prices unfairly and have a high ratio difference between the buying and selling prices. During the summer, the lowest price per kilogram of peach and nectarine varieties was 12 liras, while it was generally above 15 liras. Melon and watermelon kilo prices did not fall below three liras, and apple and plum varieties did not fall below 7 liras. While grape varieties ...
Source: Paraanaliz
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