Discount Announcement Received for Market Prices

In the past weeks, President Erdogan has targeted stockists due to exorbitant prices and “They will pay a heavy price” he had warned. Turkish Retailers Federation (TPF) Incoming Vice President Ali Kaya, who came together with the federation member market chain owners and association presidents in Konya, spoke about the recent developments in the economy. evaluations stated what they did.

In his statement “We are evaluating the call of our President and the return of prices on the shelf. Currently, many of the local markets have already lowered prices. We are also pushing the factories in this regard.” Noting that, Kaya added that discounts of up to 30 percent are currently being applied. Kaya also said that a market would lower prices. a chain reaction He stated that the price was created by other competitive markets and as a result, prices were lowered.

40% discount is expected in the markets:

Stating that Konya was the first province to reduce prices by applying discounts, Kaya said, “It’s on-chain. When a grocery store goes on sale rivalry is happening. When one lowers the price of oil, the other begins to lower it. This chain, all the markets in Turkey inevitably have to download because it loses customers. Konya has been a pioneer in this regard.” used the phrases.

Stating that the prices of the products on the market shelves decreased by 20-30 percent in the first stage, and they predicted that the prices will decrease by 40 percent a month later, Kaya said, regarding the subject. “Right now, prices have come down close to 30 percent and keep going down it will. Because it has to go down. Since the new priced products were not finished yet, it started with 30 percent at first. With the exchange rate continuing like this in a one-month period, 40 percent descends further. That includes basic food and cleaning.” made a statement.

Indicating exchange rate and stocking as the reason for the exorbitant increase in prices, Kaya said that in order not to harm the consumers, the sector “even to the detriment” noted in the applications. In his words, after the exchange rate appreciation and recovery, it is almost ‘spring’ Kaya continued by stating that the, “We canceled our orders in January, so we reacted to them as well. Let them adapt our prices to the new price.” he added. Noting that the prices of sunflower oil are one of the products that reflect the exorbitant prices the most, Kayan stated that the sunflower oil supplied for 116 TL during this period was sold for 125 TL. “Now it is sold for 90 liras in our markets, which have 28 branches in Konya. Because we were the first to lower prices in the name of the market.” used the phrases.