The Ministry of Agriculture and Forestry made statements about sugar, the price of which began to rise suddenly. Saying that the speculations in sunflower oil were also made for sugar, the authorities announced that the price of sugar in sack was reduced and that there was no sugar supply problem in Turkey.
The Ministry of Agriculture and Forestry made an important statement that concerns all citizens. We commonly use sugar In the statements made about the price, it was stated that there were speculative movements related to prices. The situation for sunflower oil in the past weeks Ministry officials, who stated that now it was on sugar, said that the statements in various sources that it is unfounded they announced.
Turkey’s annual sugar consumption amount is 2.7 million tons, and the current reserve is 2.9 million tons The Ministry of Agriculture and Forestry stated that there is an excess of 200 thousand tons of sugar even in the current situation. Declaring that there is no stock or supply problem related to sugar in our country with these figures, the authorities stated that the prices of sack sugar also decreased. It was reduced from 800 TL to 575 TL. they announced. With this decision, both consumers and manufacturers will be able to buy sugar at a more affordable price before Ramadan.
The official statement of the Ministry of Agriculture and Forestry is as follows:
“It is known that there is an increasing trend in the input costs of the food industry in the world and in our country, which started with the pandemic process and continued with the Russia-Ukraine war. On the other hand, besides this visible reason, there are some problems in the market. your speculative movements It is also seen that it causes quite high price increases.
As will be remembered in sunflower oil The speculations made in the past days had exposed our citizens to supplying them at speculative prices. Our Ministry has prevented market manipulations with the measures it has taken in this regard and the information provided at the right time, and has always shown that it stands by its citizens. There is also sugar in the market right now. A similar speculative movement is taking place, as is the case with sunflower oil.
Turkey has 400 thousand tons of sugar reserves from the 2020-2021 production period. In the 2021-2022 production period, the total volume with 2.5 million tons of sugar production to 2.9 million tons reached. Therefore, considering that the annual sugar need of our country is 2.7 million tons, we have 200 thousand tons of excess sugar production. With our production amount in the new season There will be no problems with sugar supply in our country..
Our Ministry will prevent some sugar producer companies from trying to supply products to the market far above their costs and from resorting to stocking. It has all kinds of possibilities. As it was before, it will immediately take the necessary measures in this regard and put them into practice. In this context, with the Shelf Price Guaranteed (RFG) system implemented by Türkşeker, the final consumer appropriate at prices can reach sugar. However, it is known that manufacturing companies have some difficulties in sugar supply.
Our Ministry made the necessary warnings to sugar producing companies, as a result, some companies in the private sector. reduced the prices of sack sugar from 800 TL to 575 TL. If these prices do not become permanent, our ministry will take the necessary measures to keep the market in balance and ensure that the producer companies supply sugar at an affordable cost.
Türkşeker can produce sugar in its hands, especially for small producers. Ramadan before the bear The manufacturer will supply all companies quickly, taking into account the capacity reports. With this application, they will supply sugar at affordable prices not only to the final consumer, but also to the manufacturing companies. Our Ministry will continue to protect our citizens, producers and consumers, as it has done so far. to be by your side will continue.”