Turkey's grain and pulses exports exceeded 1 billion dollars

Published Nov 5, 2022

Tridge summary

The Istanbul Grain Pulses Oil Seeds and Products Exporters' Association (İHBİR) has reported a 16.5% increase in October exports for the Turkish grain industry, reaching $1.45 billion, and a 27.3% increase in total exports from January to October, amounting to $9.297 billion. The top exporters were Iraq, the USA, and Syria, with sugar and sugar products being the most exported good. The functionalization of the Grain Corridor, following Russia's withdrawal, has eased tensions and stabilized wheat prices. Despite logistical challenges and supply chain disruptions, İHBİR is optimistic about maintaining current export levels and expects to close 2022 with $13 billion in exports. However, concerns persist regarding the financing of industrial exporters.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the statement made by the Istanbul Grain Pulses Oil Seeds and Products Exporters' Association (İHBİR), the exports of the grain industry, which is one of the important items of Turkey's exports, continues to increase. İHBİR announced its export figures for October and 10 months. While the exports of the grain sector in Turkey in October reached 1 billion 45 million dollars with an increase of 16.5 percent compared to the same month of the previous year, exports in the 10-month period (January-October) reached 9 billion 297 million dollars with an increase of 27.3 percent. İHBİR's exports in October increased by 27.8 percent compared to the same month of the previous year and reached 261.8 million dollars. Most exports to the USA In October, the top 3 countries to which the grain industry exports the most were Iraq, the USA and Syria, while the top 3 countries to which IHBIR exported in October were the USA, Iraq and Algeria, respectively. In terms of goods groups, ...
Source: Haber7

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