Sunflower oil discount call in Turkey: It should be lowered below 30 liras

Crude Sunflower Oil

Turkiye

Published Jul 3, 2022

Tridge summary

Economy - The price of sunflower oil on world stock markets fell more than 30 percent. However, only small discounts depending on the dollar exchange rate were reflected on the shelves in Turkey. Consumer associations said that despite the decline in the world, the price of sunflower is still high in Turkey. The President of the Consumer Confederation Ağaoğlu said, 'There is no shortage, a 5-liter can should go down to 120-140 TL', while the President of the Istanbul Chamber of Agriculture Demir said, '5 liters should be under 150 TL.' he said.

Original content

Crude sunflower oil decreased by 30 percent in the last two weeks to $1500 in international markets. This development is expected to be reflected in the domestic market as a discount. However, for now, only the decrease in the dollar was reflected on the shelves in the range of 5-7 percent. However, according to sector representatives, prices should be lowered by at least 30 percent right now. 5 liters of sunflower oil, which is 180-200 liras on the shelf, should go down to 120-140 liras. Likewise, the price of liter sunflower oil, which is still in the 35-50 lira band on the shelf, should decrease below 30 liras. There are still e-commerce sites on the market that sell 1 liter of oil under the name of 'organic' for 93.84 liras. Meanwhile, trying to break the perception of 'high price', some 4-liter cans of oil sell for 169.90 liras. PRICES MUST BE REDUCED According to the news of the Evening Newspaper, Consumers Union Chairman Mahmut Şahin said, "Markets should lower the prices ...

Source: Haber7