Stock fears resurfaced in the Turkish vegetable oil industry; there are ships loaded with oil waiting at the ports due to the war

Published 2022년 3월 5일

Tridge summary

The President of Turkey's Vegetable Oil Industrialists' Association, Tahir Büyükhelvacıgil, has raised concerns about the potential impact of the Russia-Ukraine conflict on Turkey's agricultural sector, particularly in importing oilseeds. With Turkey's self-sufficiency ending in April, it relies heavily on imports, including 1.3 million tons from Russia and Ukraine, which are currently experiencing port issues and increased crude oil prices. Büyükhelvacıgil has urged the government to address these challenges and consider alternative sources in the Balkan countries. He also warned of potential issues if Ukraine's planting is affected by the war.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After Russia's attack on Ukraine, in the oil sector, which imports raw materials from both countries, the ships to transport the products could not come to Turkey. This has caused concern in the industry. Tahir Büyükhelvacıgil, President of the Vegetable Oil Industrialists' Association (BYSD), said, "We are in the 4th place as oilseeds in the top 10 import items of our country. We really need to find a solution to this. Both the pandemic process and the war showed us that we need to be self-sufficient in agriculture. O For this reason, the war inevitably affected this process. Because we were able to use our supply for years, our harvest, our harvest, oilseeds could be sufficient until the end of April. We were always importing after that. This is what we need in our country, around 3 million tons. The development of our population, the increase in tourism When this need is 3 million tons, we can meet 1.7 million tons of it, and we have to import 1.3 million tons of which 55 ...
Source: Sondakika

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