Turkey: Türkşeker's accounts were discussed in the GNAT Commission

Published 2022년 6월 9일

Tridge summary

Türkiye Şeker Fabrikaları A.Ş. (Türkşeker), Turkey's leading sugar company, under the leadership of General Manager Muhiddin Şahin, is encouraging beet production by increasing support for farmers to offset high input costs. The company's financial reports for 2019 and 2020 were discussed at the GNAT Public Economic Enterprises (SOE) Commission. Şahin highlighted the global sugar production figures for the 2021-2022 season and mentioned that Turkey's sugar production capacity is around 3.1 million tons, with 1.73 million tons produced from beet and 1.37 million tons from sugar cane. In 2020-2021, Türkşeker produced 1.72 million tons of sugar. The company has ended its privatization process and has stopped being a part of the privatization program, returning to its former state-owned enterprise (SEE) status. Şahin announced significant changes to the beet production incentives, including a higher advance price per ton, faster payments, more cash advances, and additional premiums for farmers who use specific equipment for beet cleaning and loading.

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Original content

Muhiddin Şahin, General Manager of Türkiye Şeker Fabrikaları A.Ş. (Türkşeker), stated that beet production is encouraged with the increased support considering the input costs. Türkşeker's accounts for 2019 and 2020 were discussed at the GNAT Public Economic Enterprises (SOE) Commission. In his speech here, Şahin pointed out that it is estimated that a total of 170.5 million tons of sugar, of which 37.4 million tons will be produced from beet and 133.1 million tons from sugar cane, will be produced in the world for the 2021-2022 period, and around 172.4 million tons of sugar will be produced. stated that there will be consumption. Underlining that 33 sugar factories operate in Turkey, Şahin said that the annual sugar production capacity based on the quota is approximately 3.1 million tons. Şahin reminded that during the 2020-2021 campaign period, 1 million 72 thousand 700 tons of sugar was produced by processing 165 thousand tons of beetroot. Reminding that all of Türkşeker's ...

Source: Sondakika