BusinessTurkiye

Cereal Exports Reach $5.9 Billion in First Half of the Year

The export value of cereals, legumes, oilseeds, and their products, covering essential food items, increased by 6.9% to $5.9 billion by the end of the first six months of the year.


The export value of cereals, legumes, oilseeds, and their products, which include essential food items such as biscuits, wheat flour, vegetable oils, and sugar and cocoa products, increased by 6.9% to $5.9 billion by the end of the first half of the year.

According to a statement from the Turkish Food Exporters Association (TGİ), cereal exporters’ volume in the first half of the year rose by 25%, reaching a total of 6.2 million tons. The sector’s export value increased by 6.9% to $5.9 billion during this period.

The highest export revenue in the first six months came from Iraq, with a 10.7% increase, reaching $1.068 billion. The United States was the second-largest market, with exports valued at $316.1 million, followed by Syria at $251.3 million.

During this period, biscuit and pastry exports amounted to $811 million, vegetable oil exports to $696 million, and wheat flour exports to $675 million.

In a statement regarding developments in the wheat market amid domestic and international dynamics, Ahmet Tiryakioğlu, Chairman of the Turkish Exporters Assembly (TİM) Cereal, Legumes, Oilseeds, and Products Sector Board, highlighted the global impact of Turkey’s wheat import ban.

“Turkey is Implementing a Balanced Trade Policy”
Tiryakioğlu noted that the decline in cereal prices continues due to increased production expectations linked to rising rainfall in Russia and the US, stating:

“In our country, updating wheat purchase prices with a focus on combating inflation and implementing a wheat import ban also impacts global wheat prices downward. During such a period when product supply is rising globally and money supply is limited, Turkey is implementing a balanced trade policy. Once the wheat import ban is lifted, we can find favorable prices for wheat, which we will procure as raw material for various food sectors, especially the pasta industry.”

“Turkey Produces 250 kg of Wheat per Capita”
Tiryakioğlu estimated that world wheat production this year will be around 800 million tons, adding:

“When these figures are compared with the global population, it means that 100 kilograms of wheat are produced per capita annually worldwide. On the other hand, Turkey, with its population of 85 million, produces approximately 250 kilograms of wheat per capita with a total yield of 21.5 million tons annually. Turkey’s strength in wheat production directly reflects on the performance of our cereal, legumes, and oilseeds sector. According to 2023 data, our annual wheat flour and pasta exports total 5 million tons. Turkey, which exported 3.5 million tons of wheat flour to 164 countries last year, has held the world export championship in this field since 2015. A unique aspect of our sector, which includes this strategic product, is that it also covers high-value-added products such as biscuits and pastries, cocoa products, oilseeds, and spices, with average unit prices ranging from $2 to $4 per kilogram.”

“We are a Country Without a Trade Deficit in Cereals”
Tiryakioğlu emphasized that Turkey, which ranks first in Europe in agricultural output, does not have a trade deficit in the field of cereals, legumes, oilseeds, and their products, adding:

“According to 2023 data, Turkey exported more than 1.5 million tons of biscuits and pastries, nearly 1.5 million tons of vegetable oil, over 1 million tons of sugar and sugar products, and nearly 1 million tons of cocoa products, earning nearly $12.5 billion annually from the total foreign trade of our sector.”

Tiryakioğlu noted that according to the Turkish Statistical Institute (TÜİK), Turkey’s total imports and exports of cereals, milling products, malt, starch, inulin, oilseeds and fruits, various seeds, hay and fodder, sugar and sugar products, cocoa and cocoa preparations, various edible preparations, and animal feed are at similar levels.

Tiryakioğlu concluded, “Turkey takes pride in being a country without a trade deficit in this area while providing tailored solutions to the food needs of different cultures and segments with varying purchasing power from various regions of the world.”

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source: aa.com.tr/ prepared by Melisa Beğiç

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