News

Turkish vegetable and fruit export

Fruits
Vegetables
Turkiye
Published Jun 18, 2023

Tridge summary

Immediately after the presidential election in Turkey - which was won by the incumbent President Recep Tayyip Erdogan - the Turkish currency weakened by another 14 percent. Market research firm EastFruit predicts that this will have a major impact on fruit and vegetable trade across the region, from Central Asia to the Caucasus, Eastern Europe to the Middle East and the European Union.

Original content

The Turkish currency lost 2.7 times its original value in two years. A currency depreciation always encourages exports and severely restricts import opportunities. In the first four months of this year, Turkey's fruit and vegetable exports increased by 10 percent, and the lira exchange rate was still stable at that time. After the deterioration of the exchange rate, the export volume of greenhouse tomatoes and cucumbers, cherries, apricots, peaches, nectarines, plums, dried fruits, nuts and watermelons is expected to increase again. Turkey has imposed an export ban on onions and potatoes, but if the ban is lifted, it is expected that many of these products will also be exported. Last year, however, the volume of Turkish fruit and vegetable exports decreased somewhat, which was mainly the result of the weak hazelnut yield and the drop in fruit and vegetable demand from Russia and Ukraine. Despite this, exports of most products still increased. Imports of seeds, fertilizers, ...
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