Turkish Agricultural Crisis Unprecedented
World Economy

Turkish Agricultural Crisis Unprecedented

Turkey has found itself in the midst of an unprecedented agricultural crisis as a result of periods of drought, frost and excessive rainfall this year, said Turkish Union of Agricultural Chambers (TZOB) President Semsi Bayraktar.
According to Bayraktar, this year's harvest has been hugely affected by extreme weather conditions such as alternating drought, frost and excessive precipitation. He said the sector and its workers have never experienced such a crisis before, referring to extremely low harvest yields due to weather conditions, Today's Zaman reported.
Bayraktar called on the government to restructure the electricity bills and social security payments of the workers. He pointed out that the previous deferral of worker debts by Ziraat Bankasi has not been sufficient to ease the burden on agricultural workers.
Marmara Union of Olive Sales Cooperatives (Marmarabirlik) Chairman Ibrahim Minareci has also commented on the problems taking place in the agriculture sector. Minareci said the greatest factors in the crisis were drought, frost and heavy rain, saying these undesirable conditions caused a 75 percent decrease in the olive harvest in some regions across Turkey compared to last year.
Speaking to Bloomberg HT television on Thursday, Minareci highlighted the instability of olive production due to seasonal fluctuations, which has generated imbalance among competitors in the market, he said. The fluctuations in conditions result in decreasing levels of trade of packaged products, said Bayraktar. He also said – due to the fluctuating business environment – Turkish producers are often compelled to sell their unpackaged products to other olive-producing countries, losing certain markets as a consequence.
Turkey is the second-largest table olive producer and fourth largest in olive oil production globally. Turkey's share in worldwide olive oil production is 16.7 percent.


Short URL : http://goo.gl/1fNFjq

You can also read ...

 An overwhelming 86% of Germans believe their economy is doing well, up from 75% last year.
Conditions for investors around the world are getting worse....
South Korea’s jobless rate has risen steadily in recent years.
South Korea’s unemployment rate has risen steadily in the past...
Greece Remains Under Supervision
Greece will remain under supervision after it exits its...
Britons have been borrowing heavily through personal loans and credit cards over the last 18 months.
Consumer borrowing grew at almost 10% in August, official...
Tax Reform  Can Boost  US Economy
The American electorate is more than ready for Washington...
China Rust Belt Opens Doors
Trucks carrying hi-tech car components rumble in and out the...
Pak GDP Growth Predicted at 10% Over 10 Years
Researchers from Harvard University’s center for international...
Jordan Economy Continues to Grow
While the public sector continues to play a prominent role in...