TURKISH AGRI.NEWS

Turkey exports flour to 164 countries around the globe, meaning that 90 percent of the world’s population consumes Turkish flour, a top flour industry official told Anadolu Agency Tuesday. Turkey earns over $1 billion from flour exports annually, said Eren Günhan Ulusoy, director of the International Association of Operative Millers (IAOM) Eurasia, as well as head of the Turkish Flour Industrialists' Federation. The power in raw material production will make flour industrialists stronger in the foreign market as well, he said. For the last seven years Turkey has been the biggest flour exporter in the world, he added. "We need to produce more of our own wheat and boost the share of our domestic wheat in our total consumption,” he said. Last year the country's wheat production was 19.5 million tons and this year it is expected to reach 20 million tons, he said.

Turkey’s Ulusoy Un, which has ramped up flour production in the face of the coronavirus outbreak, has mandated consulting firm Pragma to explore strategic partnerships including a possible stake sale, two sources close to the matter told Reuters Wednesday. One of the sources said the company “might be valued at more than $100 million,” adding any stake sale would depend on the offer received. Ulusoy Un and Pragma declined to comment... In a later statement to the Public Disclosure Platform (KAP) Wednesday, the company confirmed the reports that it mandated Pragma to explore potential partnerships. “Our Board of Directors has decided to postpone the announcement so that the relevant process does not adversely affect our investors and our company,” the statement read. “In the next process, developments related to the subject will be shared with our investors and the public in accordance with the SPK (Capital Markets Board of Turkey) and other relevant legal regulations,” it a...

Rising demand for flour... Eren Günhan Ulusoy, the head of the International Association of Operative Millers (IAOM) Eurasia, said that demand for flour in Europe has risen sharply since the start of the coronavirus pandemic. Following the rapid spread of COVID-19, demand has been high for flour and flour products such as pasta, Eren Günhan Ulusoy told Anadolu Agency. "In Turkey a fall in flour consumption after the closing of restaurants and cafes was balanced out by a leap in retail sales," he said. While there has been no been change in overall flour consumption, there has been a shift towards the retail side of demand, he stressed, adding: "In March, sudden demands in retail jumped from 5% of the market to 10-12%." Stepped-up flour production... Explaining that Turkey boasts a flour production capacity more than twice its needs, Ulusoy added that it can redirect its inventories and capacity for exports to the domestic market upon request. ...

Demand for flour in Europe has increased tremendously since the start of the novel coronavirus pandemic, said the director of the International Association of Operative Millers (IAOM) Eurasia. Following the rapid spread of COVID-19, demand has been high for flour and flour products such as pasta amid the panic, Eren Günhan Ulusoy told Anadolu Agency. While cafes and pubs have been closed to stem the spread of the virus, bakeries are doing brisk business and bread sales have increased, he said. Turkey's flour and flour products trade has not been affected by the virus so far, but the slowdown in the global economy and increased container costs will affect it in the future, Ulusoy, who is also head of the Turkish Flour Industrialists' Federation (TUSAF), highlighted. "The epidemic does not have a direct effect on food products under the current conditions. I do not expect a problem in wheat or flour production," he said. As the world's largest flour exporting count...

Hundreds of domestic and international players in the flour industry will gather next week in Turkey 's Mediterranean resort city of Antalya. The Turkish Flour Industrialists' Federation (TFIF) will hold its 16th International Congress and Exhibition under the theme, Wheat and Flour: Production, Trade and Sustainability from March 12-15. The event is among top 10 in the industry globally. Ruhsar Pekcan, the Turkish trade minister, and Bekir Pakdemirli, the Turkish agriculture and forestry minister, are also expected to join the event. During the congress, several topics, including wheat and flour markets, sustainability dynamics, world cereal policies and trade will be discussed. The four-day event is expected to be attended by 1,000 delegates. Eren Günhan Ulusoy, the head of TFIF and director of the International Association of Operative Millers - Eurasia, said in a press release that the Turkish flour industry exports to 163 countries currently. This makes T...

Turkey's main flour exports reached their limits in 2019, with the potential for income from exports in the sector to be doubled through the selling of industrial flour products, such as biscuits and frozen dough, according to the director of the International Association of Operative Millers (IAOM) Eurasia, Last year, the country's flour exports rose to $1.05 billion from $1 billion in the previous year in terms of value, while exports dropped by around 50,000 tons to 3.3 million tons on a quantity-basis, Eren Günhan Ulusoy told Anadolu Agency (AA) Sunday. The country is the largest flour exporter and the second-largest pasta exporter in the world, said Ulusoy, who is also the head of the Turkish Flour Industrialists' Federation (TFIF). The price of flour per kilogram in exports reached $322 in 2019, from $304 in the previous year, he said. While there was a decrease in flour exports to Iraq – from 1.62 million tons to 1.36 million tons year-on-year in 2019 – Yemen and V...

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...

22 billion dollars export in 10 years... Eren Günhan Ulusoy, Chairman of Turkish Flour Industrialists Association, said that Turkey achieved 3.4 million tons of flour exports, 15 million tons a world total, Turkey is a leading country in this sense... Ulusoy also recalled that needs a powerful import for export of baked goods. Ulusoy stated that the flour exports, which were approximately 170 thousand tons in 2001, exceeded 3.3 million tons last year and said, "We exported about 1 billion dollars of flour despite the wheat import of 1.1 billion dollars last year. We have made exports as the group of wheat products worth 2.4 billion dollars, which is about 1.4 billion dollars gross value added." Ulusoy, looking at the picture in the last 10 years, despite the imports of 12 billion dollars, 22 billion dollars obtained as of exports, a total value of 10 billion dollars was produced, he said. Turkey is ranked eighth in world wheat production, but indicating that becau...