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Türkiye vows action against exorbitant prices in agro sector

Türkiye vows action against exorbitant prices in agro sector

Agriculture and Forestry Minister Ibrahim Yumaklı addressed Friday the difficulty of exorbitant value will increase, noting authorities would undertake the required steps in opposition to all of the sectors recognized doing this apply, highlighting on the similar time they might proceed to guard producers to make sure sustainable manufacturing.

Yumaklı, in his speech on the opening of the “Türkiye Agriculture Summit” organized by Turkuvaz Media Group, the father or mother firm of Daily Sabah, outlined the importance of the agriculture sector worldwide, whereas offering details about investments within the sector, new applied sciences and the event of sustainable agriculture.

Recalling that global-scale occasions such because the COVID-19 pandemic, the Russia-Ukraine battle, in addition to this yr’s devastating earthquakes that struck Türkiye’s southeast had impacted their discussions, the minister stated these occasions had sadly modified shopper behaviors otherwise.

“For example, there was a TL 30 increase in carcass meat prices between the first and third day of the earthquake. You cannot explain this with anything, this situation started to be reflected in different things,” he stated, including they commenced to come across a rise of points outlined as “exorbitant prices” associated to pricing conduct.

“The process from seed to fork involves many institutions. What is important for us is that there is no problem related to meeting the food needs of the 85 million people in our country, plus tourists, and other temporary residents, whether short or long-term, without any problems,” he defined.

“In addition to all this, in the first 10 months of this year, we exceeded $25 billion in exports, and we will continue to sustain and even increase exports to reach $30 billion,” he added.

Furthermore, he highlighted considerations about exorbitant pricing, even within the absence of provide safety points, mentioning the fluctuations within the pricing of some merchandise.

“Suddenly, we saw that pricing behavior caused significant increases without any (particular) reason. We are working together with the Trade Ministry on this,” the minister warned.

Offering an instance, he delved into the matter of olive oil, which he stated was dominant on the agenda at present.

The minister expressed concern over the surge in olive oil costs, citing a report manufacturing of 422,000 tons final yr in opposition to Türkiye’s wants ranging between 160,000-180,000 tons.

“The olive oil production from this year’s harvest will be approximately 180,000 tons. Even if we don’t have any in our hands, the product obtained from this year’s production will meet our needs 100%, and we also have stocks from last year. So why is the price increasing?” he questioned.

“The announcement of the price of a product with a 0.3 acid content that is not in circulation at all, suddenly caused prices to skyrocket, as if this were the base price of an average product,” he stated. “Then we introduced, the Olive Council introduced that there is no such thing as a downside with the availability, then the establishment that introduced the worth clarified that it was misunderstood, however costs went up.”

“So what can be achieved? Together with the Trade Ministry, we’ll go after all of the sectors we’ve got recognized,” he stated.

“While protecting our producers to ensure sustainable production, we also have to take care of our consumers,” he vowed.

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Source: www.dailysabah.com