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Agriculture and food sector in Turkey

MuhasebeNews — Tue, 07 Jan 2020 14:00:05 +0000

Agriculture and food sector in Turkey

Home to the headwaters of the Tigris and Euphrates Rivers, Turkey’s agricultural sector today is echoing the prosperity of ancient Mesopotamia. With its favorable geographical conditions and climate, large arable lands, and abundant water supplies, Turkey is considered to be one of the leading countries in the world in the field of agriculture and food.

Turkey has a robust agriculture and food industry that employed almost 20 percent of the country’s working population and that accounted for 5.8 percent of the country’s GDP in 2018. The sector’s financial contribution to the overall GDP was USD 42.5 billion in 2018.

The strengths of the industry include the size of the market in relation to the country’s young population, a dynamic private sector economy, substantial tourism income, and a favorable climate.

Turkey is the world’s 7th largest agricultural producer overall and is the world leader in the production of dried figs, hazelnuts, sultanas/raisins, and dried apricots. The country is also one of the leading honey producers in the world. Turkey boasted production of 22.1 million tons of milk in 2018, making it the leading milk and dairy producer in its region. The country also saw production totals of 34.4 million tons of cereal crops, 30 million tons of vegetables, 22.2 million tons of fruit, 2.1 million tons of poultry, and 1.1 million tons of red meat. In addition, Turkey has an estimated total of 11,000 plant species, whereas the total number of species in Europe is 11,500.

This bountiful production allows Turkey to maintain a significantly positive trade balance thanks to its position as one of the largest exporters of agricultural products in the Eastern Europe, Middle East, and North Africa (EMENA) region. Globally, Turkey exported about 1,800 kinds of agricultural products to more than 190 countries in 2018, accounting for an export volume of USD 17.7 billion.

Turkey has significant investment opportunities in agribusiness subsectors such as fruit and vegetable processing, animal feed, livestock, poultry, dairy, functional food, fisheries, and enablers (in particular cold chain distribution, greenhouses, irrigation, and fertilizer).

Turkey is looking to position itself as the preferred option for being the regional headquarters and supply center of top global players in the agricultural sector. To encourage investment in the sector, Turkey offers a set of incentives for potential agribusiness investors.

For further information, you can visit: https://www.invest.gov.tr/en/sectors/pages/agrofood.aspx

Source: Republic of Turkey Investment Office / link: https://www.invest.gov.tr/en/sectors/pages/agrofood.aspx
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Producer Price Index of Agricultural Products of the Turkey, July 2019

MuhasebeNews — Fri, 16 Aug 2019 06:30:14 +0000

Producer Price Index of Agricultural Products, July 2019

Agriculture- PPI decreased by 1.06% in JulyProducer price index of agricultural products (Agriculture – PPI), in July 2019, decreased by 1.06% compared with the previous month, increased by 8.81% compared with December of the previous year, increased by 22.83% compared with the same month of the previous year and increased by 22.20% compared with twelve months averages.

Compared to the previous month; agriculture and hunting products decreased by 1.22%, fishing decreased by 0.90% and forestry products increased by 6.60%

The highest monthly decrease was in perennial crops

Regarding monthly changes by main groups; perennial crops decreased by 4.14%, non-perennial crops decreased by 1.72% and live animals and animal products increased by 1.26%.

The vegetables from sub-agriculture groups decreased by 6.01%

From sub-agriculture groups; there were increases for cereals (except rice), leguminous crops and oil seeds by 2.86%, for sheep and goats, live; raw milk and shorn wool from sheep and goats by 1.95%, and for oleaginous fruits by 0.90% and however, there was a decrease for live poultry and eggs by 0.51%.

In July 2019, 87 items were included in the Agriculture-PPI; while 5 new item was included this month, prices of 43 items increased, prices of 33 items decreased and prices of 6 items remained unchanged with respect to previous month.

Agriculture – PPI annual change, 2018- 2019
[2015=100]

The next release on this subject will be on September 17, 2019.

Source: TUIK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Non-Domestic Producer Price Index, June 2019

MuhasebeNews — Mon, 22 Jul 2019 13:56:25 +0000

Non-Domestic Producer Price Index, June 2019

Non-domestic producer price index decreased by 3.24%Non-domestic producer price index (ND-PPI), which measures the change in the price of goods manufactured in the country and exported in a reference period, decreased by 3.24% on monthly basis, increased by 9.43% on December of the previous year basis, increased by 22.23% on same month of the previous year basis and increased by 38.97% on the twelve months moving averages basis in June 2019.

ND-PPI monthly decreased by 4.08% in the index for mining and stone quarrying and decreased by 3.22% in the index for manufacturing.

Non-domestic producer price index annual change on same month of the previous year, June 2019
[2010=100]

The highest monthly decrease was in coke and refined petroleum products

The highest rates of monthly decrease by sub divisions of industry were indices for coke and refined petroleum products by 12.22%, for metal ores by 4.91%, and for chemicals and chemical products by 4.52%. On the other hand, the rate of monthly increase in ND-PPI by sub divisions of industry was the index for computer, electronic and optical products by 3.26%.

The highest monthly decrease in main industrial groupings was in energy goods

According to main industrial groupings classification, the highest rate of monthly decreases was in energy goods by 12.22% in June 2019.

Non-domestic producer price index and rate of changes, June 2019
[2010=100]

The next release on this subject will be on August 21, 2019.

Source: TÜİK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Producer Price Index of Agricultural Products, June 2019

MuhasebeNews — Tue, 16 Jul 2019 13:44:15 +0000

Producer Price Index of Agricultural Products, June 2019

Agriculture PPI decreased by 2.97% in JuneProducer price index of agricultural products (Agriculture – PPI), in June 2019, decreased by 2.97% compared with the previous month, increased by 9.98% compared with December of the previous year, increased by 26.26% compared with the same month of the previous year and increased by 21.33% compared with twelve months averages.

Compared to the previous month; agriculture and hunting products decreased by 3.02%, forestry products decreased by 4.04% and fishing decreased by 0.42%.

The highest monthly decrease was in non-perennial crops

Regarding monthly changes by main groups; non-perennial crops decreased by 6.83%, perennial crops decreased by 4.73% and live animals and animal products increased by 3.76%.

The vegetables from sub-agriculture groups decreased by 15.86%

From sub-agriculture groups; there were increases for dairy cattle, live and raw milk from dairy cattle
by 5.71%, for cereals (except rice), leguminous crops and oil seeds by 4.35% and for other farmed animals and animal products by 1.14% and however, there were decreases for live poultry and eggs by 8.02%, for pome fruits and stone fruits by 7.33% and for other tree and bush fruits and nuts by 3.33%.

In June 2019, 82 items were included in the Agriculture PPI; while 1 new item was included this month, prices of 34 items increased, prices of 39 items decreased and prices of 8 items remained unchanged with respect to previous month.

Agriculture PPI annual change, 2018- 2019
[2015=100]

The next release on this subject will be on August 15, 2019.

Domestic Producer Price Index, June 2019

MuhasebeNews — Wed, 03 Jul 2019 11:01:21 +0000

Domestic Producer Price Index, June 2019

Domestic producer price index increased by 0.09%Domestic producer price index (D-PPI) increased by 0.09% on monthly basis, by 8.09% on December of the previous year basis, by 25.04% on same month of the previous year basis and by 32.81% on the twelve months moving averages basis in June 2019.

Domestic producer price index rate of changes, June 2019
[2003=100]

Domestic producer price index annual change on same month of the previous year, June 2019 [2003=100]

D-PPI increased by 0.50% for mining and stone quarrying, decreased by 0.45% for manufacturing, increased by 7.83% for electricity, gas, steam and air conditioning, increased by 0.43% for water supply compared with the previous month.

Domestic producer price index and rate of changes, June 2019
[2003=100]

The highest monthly increase was in electricity and gas

The highest rates of monthly increase in D-PPI by subdivisions of industry were index for electricity, gas by 7.83 %, for crude petroleum and natural gas by 4.44%, paper and paper products by 2.19%. On the other hand monthly decreases in D-PPI by sub divisions of industry were coke and refined petroleum products by 11.79%, for printing and recording services by 4.10%, for basic metals by 2.70%.

The highest monthly increase in main industrial groupings was in durable consumer goods

According to main industrial groupings classification in June 2019, the highest rate of monthly increases was in durable consumer goods and the highest rate of annual increases was in energy.

According to main industrial groupings domestic producer price index and rate of changes, June 2019
[2003=100]

The next release on this subject will be on August 05, 2019.

Non-Domestic Producer Price Index, May 2019

MuhasebeNews — Thu, 20 Jun 2019 14:09:10 +0000

Non-Domestic Producer Price Index, May 2019

Non-domestic producer price index increased by 4.19%Non-domestic producer price index (ND-PPI), which measures the change in the price of goods manufactured in the country and exported in a reference period, increased by 4.19% on monthly basis, increased by 13.09% on December of the previous year basis, increased by 30.66% on same month of the previous year basis and increased by 40.39% on the twelve months moving averages basis in May 2019.

ND-PPI monthly increased by 4.95% in the index for mining and stone quarrying and increased by 4.17% in the index for manufacturing.

Non-domestic producer price index annual change on same month of the previous year, May 2019
[2010=100]

The highest monthly increase was in other mining and quarrying products

The highest rates of monthly increase by sub divisions of industry were indices for other mining and quarrying products by 6.50%, for chemicals and chemical products by 6.13%, and for other transport equipment 5.58%.

The highest monthly increase in main industrial groupings was in intermadiate goods

According to main industrial groupings classification, the highest rate of monthly increases and the highest rate of annual increases were in intermediate goods in May 2019.

Non-domestic producer price index and rate of changes, May 2019
[2010=100]

The next release on this subject will be on July 22, 2019.

Producer Price Index of Agricultural Products, May 2019

MuhasebeNews — Fri, 14 Jun 2019 11:56:00 +0000

Producer Price Index of Agricultural Products, May 2019

Agriculture PPI decreased by 0.95% in MayProducer price index of agricultural products (Agriculture – PPI), in May 2019, decreased by 0.95% compared with the previous month, increased by 13.34% compared with December of the previous year, increased by 30.23% compared with the same month of the previous year and increased by 19.93% compared with twelve months averages.

Compared to the previous month; forestry products increased by 0.09%, however, agriculture and hunting products decreased by 0.78% and fishing decreased by 7.79%.

The highest monthly increase was in perennial crops

Regarding monthly changes by main groups; perennial crops increased by 5.96% and live animals and animal products increased by 0.61%, however, non-perennial crops decreased by 4.52%.

The vegetables from sub-agriculture groups decreased by 9.92%

From sub-agriculture groups; there were increases for other tree and bush fruits and nuts by 7.57%, for cereals (except rice), leguminous crops and oil seeds by 4.69%, for sheep and goats, live; raw milk and shorn wool from sheep and goats by 1.27%, however, there were decreases for fibre plants by 8.04% and for poultry, live and eggs by 6.06%.

In May 2019, 82 items were included in the Agriculture PPI; while 6 new item was included this month, prices of 37 items increased, prices of 27 items decreased and prices of 12 items remained unchanged with respect to previous month.

Agriculture PPI annual change, 2018- 2019
[2015=100]

The next release on this subject will be on July 16, 2019.

Domestic Producer Price Index, May 2019

MuhasebeNews — Mon, 10 Jun 2019 12:22:55 +0000

Domestic Producer Price Index, May 2019

Domestic producer price index increased by 2.67%

Domestic producer price index (D-PPI) increased by 2.67% on monthly basis, by 7.99% on December of the previous year basis, by 28.71% on same month of the previous year basis and by 32.85% on the twelve months moving averages basis in May 2019.

Domestic producer price index rate of changes, May 2019
[2003=100]

Domestic producer price index, annual change on same month of the previous year, May 2019 [2003=100]

D-PPI increased by 1.87% for mining and stone quarrying, by 2.87% for manufacturing, by 1% for electricity, gas, steam and air conditioning, decreased by 2.51% for water supply compared with the previous month.

Domestic producer price index and rate of changes, May 2019
[2003=100]

The highest monthly increase was in tobacco products

The highest rates of monthly increase in D-PPI by subdivisions of industry were index for tobacco products by 10.27%, for crude petroleum and natural gas by 7.08%, for coke and refined petroleum products by 6.57%. On the other hand monthly decreases in D-PPI by sub divisions of industry were furniture by 3.05%, for water; water treatment and supply services by 2.51%, for wearing apparel by 0.48%.

The highest monthly increase in main industrial groupings was in nondurable consumer goods

According to main industrial groupings classification in May 2019, the highest rate of monthly increases was in nondurable consumer goods and the highest rate of annual increases was in energy.

Domestic producer price index main industrial groupings and rate of changes, May 2019
[2003=100]

The next release on this subject will be on July 03, 2019.

Producer Price Index of Agricultural Products, April 2019

MuhasebeNews — Tue, 14 May 2019 14:26:34 +0000

Producer Price Index of Agricultural Products, April 2019

Agriculture PPI increased by 1.09% in April

Producer price index of agricultural products (Agriculture – PPI), in April 2019, increased by 1.09% compared with the previous month, increased by 14.44% compared with December of the previous year, increased by 30.75% compared with the same month of the previous year and increased by 18.12% compared with twelve months averages.The highest monthly increase was in non-perennial crops

Regarding monthly changes by main groups; non-perennial crops increased by 1.62%, live animals and animal products increased by 0.67% and perennial crops increased by 0.33%.

The vegetables from sub-agriculture groups increased by 2.06%

From sub-agriculture groups; there were increases for rice (in hulk) by 6.18%, for sheep and goats, live; raw milk and shorn wool from sheep and goats by 1.53%, and for cereals (except rice), leguminous crops and oil seeds by 1.47%, however, there were decreases for oleaginous fruits by 2.07% , for poultry, live and eggs by 0.91% and for fibre plants by 3.01%.

In April 2019, 77 items were included in the Agriculture PPI; while 3 new item was included this month, prices of 47 items increased, prices of 18 items decreased and prices of 9 items remained unchanged with respect to previous month.

Agriculture PPI annual change, 2018- 2019
[2015=100]
The next release on this subject will be on June 14, 2019.

Source:TÜİK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Non-Domestic Producer Price Index, March 2019

MuhasebeNews — Mon, 22 Apr 2019 09:03:43 +0000

Non-Domestic Producer Price Index, March 2019

Non-domestic producer price index increased by 3.44%Non-domestic producer price index (ND-PPI), which measures the change in the price of goods manufactured in the country and exported in a reference period,increased by 3.44% on monthly basis, increased by 3.45% on December of the previous year basis, increased by 32.24% on same month of the previous year basis and increased by 39.82% on the twelve months moving averages basis in March 2019.

ND-PPI monthly increased by 5.24% in the index for mining and stone quarrying and increased by 3.40% in the index for manufacturing.

Non-domestic producer price index annual change on same month of the previous year, March 2019
[2010=100]

The highest monthly increase was in coke and refined petroleum products

The highest rates of monthly increase by sub divisions of industry were indices for coke and refined petroleum products by 11.34%, for metal ores by 6.89%, and for computer, electronic and optical products 4.63%.

The highest monthly increase in main industrial groupings was in energy goods

According to main industrial groupings classification, the highest rate of monthly increases was in energy goods and the highest rate of annual increases was in durable consumer goods in March 2019.

Non-domestic producer price index and rate of changes, March 2019
[2010=100]

The next release on this subject will be on May 20, 2019.