The dishes of 140 countries are cooked with Turkish vegetable oils

Published 2021년 6월 28일

Tridge summary

Turkey has seen a 32% increase in vegetable oil exports in the first five months of 2021 compared to the same period in 2020, reaching $503.8 million despite a 9% decrease in quantity. The country exported 368,124 tons of vegetable oil to 140 countries, with Iraq, Syria, and Libya being the main importers. The Aegean Cereals, Pulses, Oilseeds and Products Exporters' Association expects exports to hit $1.25 billion by year-end. The pandemic has led to a surge in demand for safety stock of oilseeds, cereals, and food products, resulting in price fluctuations which are predicted to continue until 2022. Rıza Seyyar, from the Audit Board of the same association, emphasized the need to increase production for economic reasons and to achieve self-sufficiency in oilseeds and their derivatives.

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Original content

Turkey exported 503.8 million dollars of vegetable oil to 140 countries in the 5-month period of 2021. Vegetable oil industrialists succeeded in increasing their exports of 380.6 million dollars in the January-May period of 2020 by 32 percent. Noting that Turkey's vegetable oil exports were 406 thousand 475 tons in the first five months of 2020, while it was 368 thousand 124 tons in the January-May period of 2021, Aegean Cereals, Pulses, Oilseeds and Products Exporters' Association President Mustafa Terci said that vegetable oil exports on the basis of quantity. He said that despite the decrease of 9 percent, the foreign exchange income has increased by 32 percent. Vegetable oil exports can reach 1 billion 250 million dollars in 2021 Underlining that vegetable oil exports increased by 46 percent on a foreign currency basis, Terci said, "As the Aegean Cereals, Pulses, Oilseeds and Products Exporters' Association, we contributed 120 million dollars to Turkey's vegetable oil exports. ...

Source: Sondakika