The grain industry’s nationwide exports in Türkiye during October rose by 16.5 percent year-on-year to USD 1 billion and 45 million.
According to the statement of İstanbul Cereals, Pulses, Oil Seeds and Products Exporters’ Association (İHBİR), the exports of grains industry, as one of the significant export items of Türkiye, has been on the rise. İHBİR announces the exports figures for October and for the 10-month period. The grain industry’s nationwide exports in Türkiye during October rose by 16.5 percent year-on-year to USD 1 billion and 45 million, while the exports of the 10-month period (January-October) increased by 27.3 percent to USD 9 billion and 297 million. İHBİR’s exports in October also rose by 27.8 percent year-on-year to USD 261.8 million. The prominent destination is the US; The top 3 countries where the grain industry exported its product in October are Iraq, the USD, and Syria, while the tope three export destinations of İHBİR in October are the US, Iraq, and Algeria respectively. Considering the commodity groups, the prominent export items of İHBİR are sugar and sugar products at an amount of USD 62.7 million, followed by other food products of USD 52.07 million and confectionery products of USD 48.8 million, respectively. The product group where Turkish grains industry conducted by far the largest exports in October is confectionery products group at an amount of USD 246.9 million, followed by vegetable oils of USD 205.08 million and milling products of USD 174.15 million, respectively. The opinions of Mr. Kazım Taycı, the Chairperson of Board of Directors of İHBİR, were cited in this statement and he explained that they had been preparing for the forthcoming fairs in Israel, Dubai, and Germany.
Expressing that the industry’s exports were at satisfactory levels in terms of both the territorial variety and also quantitative expansion, Mr. Taycı states that exports in 2022 would easily reach USD 13 billion. Explaining that “It is very pleasing that the Grain Deal has become effective again,” and Mr. Taycı continues “Russia’s decision to withdraw from the Grain Deal gave rise to an increase of nearly 7.5 percent in wheat prices and then the Russia’s decision to resume the process ands Ukraine’s commitments eased the tension. The initiatives of our President of the Republic and diplomats revived the Grain Deal as a very pleasing development. We are very happy to witness the constant shipments of grains and cereals.
It is extremely pleasing that the price hikes experienced following the discontinuation of the grain deal are curbed. We are of the opinion that the grain prices will maintain their normal levels save that there is a crisis. Türkiye is making serious efforts vis-à-vis both Russia and Ukraine to sustain the Grain Deal. This is a substantive initiative for humanity.” Saying that yields of al cereals, grains, and pulses both in Türkiye and in the world are very positive, Mr. Taycı explains that “We are not expecting to face any significant supply shortage during the forthcoming 1-year period. Dryness during the pandemic, changes to the supply chain, logistics, and many other factors that triggered price records occurred in that period. There is a gradual normalization and the Grain Deal offered a solution. We are not expecting any upward revision, but a downward move with smaller percentages. Most importantly, we believe that the current levels will be maintained.” Mr. Kazım Taycı, the Chairperson of Board of Directors of İHBİR, stressed that the industrialist exporters had ongoing financing problems and they had been expecting an urgent solution from authorities.
