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Turkey: We are vulnerable to the food crisis

Gıda krizi karşısında savunmasız kaldık
This news article has been translated to English.
Sugar
Turkey
Market Situation
Price Trend
Regulation / Agreement
May 26, 2022
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Orhan Dede Before the wheat crisis ended, the footsteps of a new crisis began to be heard. The name of this new problem is the sugar crisis… India, the world's largest sugar producer, has restricted sugar exports. India ranks second in exports after Brazil. The reason for the decision, which will come into effect as of June 1, is that there is no shortage in domestic stocks, according to the statement of the Ministry of Food. Wheat prices, which increased due to the ongoing war in Ukraine, increased even more after India banned wheat exports in the past weeks. Now, a similar process can be experienced with sugar. According to the data of the Turkish Statistical Institute (TUIK), the average kilogram price of sugar in Turkey was 5 lira and 41 kuruş at the beginning of 2021. Now, the price of a kilo of granulated sugar is 23.50 liras. In 17 months, the price of sugar has increased by 334 percent in our country. Now the Indian influence will be added to it. We may have a sugar ...
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