Pulses: positive prospects for 2024

February 13, 2024 at 4:41 PM , Der AUDITOR
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ANKARA. After a very successful year 2023, market players in the Turkish pulses market are optimistic about 2024 as well. What matters here is the appropriate support, with which the sector can still achieve a great deal.

Growers need to be supported

The Turkish grain, pulses and oilseed sector achieved very good export success and thus high growth in 2023. The largest customers for Turkish goods in this area were the countries of the Middle East, with Iraq in first place. The Chairman of the Türkiye Exporters Assembly Cereals, Pulses, Oilseeds and Products Sector Board, Ahmet Tiryakioğlu, is also more than satisfied with the performance of his sector. He believes that the strong performance will continue to improve in the coming seasons. He also explains that the global food sector has made a hopeful start to 2024 despite various risks caused by recession expectations, regional wars, climate crises and cost increases. He particularly emphasises the support for fargmers, which continues to play an important role, and stresses: "Although agricultural input costs have increased, global food prices may remain calm for a while due to the contraction in demand caused by monetary tightening programmes. At this point, what is important is the continuation of the support provided by governments to agricultural growers in order to stabilise the increase in producer prices and fight inflation."

Financial support for exporters

Tiryakioğlu also points out that one of the most pressing problems for food exporters at the moment is access to finance: "At this point, Eximbank's promise of USD 50 billion in support has relieved our exporters, whose financing costs have increased recently. In a very productive year in terms of yield, these developments in the country enabled us to start 2024 with great targets. Turkey's largest companies in the field of basic food became members. Six exporters' associations in different regions came together.”

The expert adds that the field of activity of the cereals, pulses and oilseeds sector is broad and rich and that there are major brands competing on an international level under the umbrella of the Turkish associations. In order for this to continue, all participants along the supply chain need the appropriate support - then there is not much standing in the way of an optimistic future for the sector.

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