Turkey restricts tomato exports to keep domestic prices low

Published Mar 6, 2023

Tridge summary

The Ministry of Agriculture and Forestry of Turkey has imposed a limit on tomato exports until April 14, 2023, in an effort to ensure food security and stabilize rising prices, following an earthquake and the high harvest period of tomatoes. This decision is expected to significantly impact Turkish tomato growers and exporters, potentially leading to a drop in prices that may fail to cover production costs, and the loss of export markets. The greenhouse tomato markets in countries like Ukraine, Moldova, Georgia, and Romania, which depend on imports from Turkey, are predicted to experience a surge in prices by the end of next week.

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

Original content

The Ministry of Agriculture and Forestry of Turkey has decided to limit the exports of tomatoes until April 14, 2023. The ministry said in a statement that "due to the recent abnormal rise in the price of tomatoes in Turkey and the terrible consequences of the earthquake, which directly affected 11 provinces, it became necessary to take measures to ensure food security and stabilize prices." According to one Turkish exporter who wished to remain anonymous, this decision will have a big impact on Turkish tomato growers and exporters: "The authority to restrict the export of tomatoes was given to the Ministry of Agriculture in Turkey. Currently, we are in a period during the extremely high harvest period of single-planting tomato production, where the number of tomatoes will increase due to seasonal warming in the weather. In this period, when the production costs are approximately 8-10 TL per kg, the cessation of exports is the minimum price prediction for the producers to be able ...

Source: Hortidaily