TURKISH AGRI.NEWS

Press release... Turkey Specialized Products Exchange (TURİB) Operating Permit Document Delivery Ceremony was performed on 24the of July in Ankara... Minister of Trade Ruhsar Pekcan, Agriculture and Forestry Minister Dr. Bekir Pakdemirli and The Union of Chambers and Commodity Exchanges of Turkey (TOBB) President Rifat Hisarcıklıoğlu attended the Ceremony. The ceremony was also attended by Barış Kocagöz, the Assembly President of İzmir Commodity Exchange (İTB). Barış Kocagöz, representing İzmir Commodity Exchange which is an authorized agency and partner of TÜRİB said: “This new formation is the last and most beautiful step of the modern marketing system that started with licensed warehousing in agriculture. We are very happy to be able to reach these points." Kocagöz stated: "Established under the leadership of İTB to produce cotton storage and electronic product certificates (ELÜS) in licensed warehousing for the first time in our country together with İzmir Com...

Eren Günhan Ulusoy, Chairman of Turkish Flour Industrialists Association, said that Turkey needs 12 million tons of licensed warehouse for grain... In Turkey, underlining that young people don't want to be involved in agriculture, Ulusoy said, "The average age of citizens engaged in agriculture around 50, more than 20 years on average. So they have limited access to information and not open to innovation." "Divided lands by inheritance falls down yields and the reduction of income leads people not to invest in technology, thus farmers lean to traditional methods" Ulusoy noted. Stating that farmers being helpless against merchants and industrialists because of their warehouse and financial difficulties, Ulusoy unveiled, "There is a simple model for this in the grain market.  Farmers can put their products in a licensed warehouse, get an electronic product certificate in return of this and then apply to a bank for credits while gaining power of long t...

Press release... With the commencement of harvest in Konya Plain, 13 thousand 661 tons of products were traded in Konya Commodity Exchange (KTB) Electronic Sales Hall in one day. On the same day, in the BorsaKonya ELÜS (Electronic Product Certificate) Transaction Market, 41.5 million TL transactions were made in return 33 thousand tons of products. The record product of the season came to KTB... With the commencement of cereal harvest in Konya Plain, the farmer has begun to bring the harvested crop to KTB Electronic Sales Hall. With the start of the threshing period, KTB received 13 thousand 661 tons of crop which is the record product of the season. In KTB, where an average of 10 thousand tons of crops arrive daily, the products are traded quickly in the electronic sales hall. The intensity experienced in the harvest season manifests itself in Turkey's largest lounge with the highest sales volume of KTB. ELUS market mobilized... Hüseyin Çevik, the Chairman of Kon...