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Turkey commits to mitigating fluctuations in food prices and promoting agriculture.

by John Pierce
July 3, 2023
in Business
3 min read
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President Recep Tayyip Erdogan pledged to take action help Taming volatility in food prices and support Livestock and agriculture, such as government He promised to rein in inflation headed for pivotal elections.

Erdogan’s statements come as a Turkish consumer price Gains are slowing down in the last Five months, mainly driven by power cooling and transportation costs, after the peak in October last year.

“By expanding contract-based production, we will do this guarantee product income, ensure Security of Presentation and prevention price ups and downs in “Food,” Erdogan told event in Nordag district of Southeast Gaziantep Province on Saturday.

It was Gaziantep one of provinces hit hard From the devastating earthquakes that hit the southeastern region of Türkiye killing over 50,000 peoplescraping hundreds of thousands of buildings and destroy infrastructure.

jerks in early February also It caused damage and losses to livestock and agricultural wealth equipment and infrastructure, including greenhouses, irrigation and storage facilities, and food and feed production facilities.

Gaziantep and the other ten provinces hit accounted for by the disaster for about 20% of Turkish agricultural production, according to the Food and Agriculture Organization of the United Nations (FAO). they also made 15% of Turkish GDP 18.7% of Its agricultural and forestry exports.

The FAO estimates that the earthquakes caused about $6.7 billion (TRY 129.99 billion) in damages. in Loss and damage to the regionAgriculture and livestock.

Erdogan said on Saturday that they would support cattle in familyThe type of institutions with Contract production model and provide no less than one less pay guarantee for each house.

for those who live in Villages, we will provide the appropriate conditional financing for those who want To demolish their current homes and get a solid and safe home, technology-support house By this model, the boss said.

Erdogan confirmed that they would do so ensure more crops and income by strengthening the pressurized irrigation infrastructure in agricultural production.

he also vitality said project He was soon is assigned reduce External accreditation on Use of nitrogen fertilizers in agricultural production.

stability price Increases were the top priority for the government Before of Presidential and parliamentary elections set for May 14, which is considered the most important vote in the century-long history of Republic.

An electoral statement for Erdogan and his rule party You undertake to cause stubborn inflation down To a single digit, an increase growth And raising income.

separately event on Sunday, Erdogan reiterated the goal and said it was necessary steps will be taken to fetch down annual inflation from current 50.5%.

March’s reading recorded a marked decline compared to the peak of 85.5% – 24-year High – registered last October.

We continue to take steps with The decision will be permanent reduce “Inflation is in the single digits,” Erdogan said.

he also Those confirmed behind Exploitative pricing will be held accountable after May 14th.

“I say this very clearly; we will teach them who follow all types of wrong tracks in particular in Food, the necessary lesson with “The legal regulations after May 14,” Erdogan said.

food inflation reached 67.9% last month, dilution down from 69.3% annually in February. But families were complaining of unprecedented ups and downs in Food prices.

the government Urge companies to do more To curb prices have increased up Searching operations.

the government It sought to protect families through various measures, dramatically raising the minimum wage, raising state salaries, subtraction debt Relief and pension for millions.

Others cover included on rent increase, reduced taxes on Utility bills and large accommodation disclosures project for For low-income families, the system eliminates the age requirement and provides for early retirement millions of Citizens in the first platform.

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