Dried Fruit

Sultanas: organic goods under pressure

February 16, 2022 10:34 AM, Der AUDITOR
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MANISA. Large producers are selling off their organic stocks, which is having an impact on prices. In general, spot demand is still low. Meanwhile, in Turkey, VAT on staple foods was drastically reduced.

VAT reduced to 1%

The high inflation rate in Turkey has led to a number of measures. One of them is an adjustment of the value-added tax. As of this week, the VAT rate on basic food products has been reduced from 8% to 1%. President Recep Tayyip Erdoğan also announced harsh penalties for companies that do not pass on the reduced VAT to consumers or even actively oppose it.

Exports at pre-pandemic level

There is still little trading activity in the Turkish sultana market, as spot demand is low and there is little movement on the

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