Commodity & Trade Updates

FAO reported that cereals continued to dominate global cropping systems over the past two decades.

The government has authorized a 10-year permit for environmental release, starting with a trial batch of approximately 80 kilograms of seed from Bayer.

Mesut Çakmak, Chairman of the Board of TUSAF, said exports fell 22.5% year-on-year to about 2.345 million tonnes, but the industry is aiming to recover.

In 2022, India’s export ban rattled markets after Russia launched its invasion of Ukraine, which drove wheat prices sharply higher.

The arrangement is intended to cushion the country against potential shortages and ease pressure on consumers facing rising unga prices.