May Price Changes for Producer Markets and World Milk Day Insights

Price Changes for Producers and Supermarkets in May

Monthly and Annual Changes in Input Prices

Price Expectations of Grain Producers

World Milk Day on June 1

ANKARA- 01.06.2024- Şemsi Bayraktar, the President of the Turkish Agricultural Union (TZOB), announced the price discrepancies between producers and supermarkets in May, changes in input prices, developments regarding ongoing grain harvests, and expectations for the dairy sector on World Milk Day.

Bayraktar noted that the highest price discrepancy in May was for dried figs, at 293.9%, followed by lemons at 284.6%, cucumbers at 247.3%, apples at 233.5%, and dried onions at 213.2%. For example, dried figs were priced at 115 Turkish Lira from producers and sold for 452.99 Lira in supermarkets; lemons went from 7.5 Lira to 28.84 Lira; cucumbers from 7.5 Lira to 26.05 Lira; apples from 10.70 Lira to 35.69 Lira; and dried onions from 6.25 Lira to 19.58 Lira.

In May, carrots saw the highest price increase in supermarkets, while the largest increase at the producer level was for eggplants. The most significant price decrease was recorded for dried onions in both markets.

Supermarket Prices

In May, of the 35 products in supermarkets, 22 experienced a price increase, 12 saw a price decrease, and 1 product had no price change. The largest increase in supermarket prices was for carrots at 34.7%, followed by lemons at 16.6%, eggplants at 16.3%, eggs at 15%, and pistachios at 13%.

The largest decrease was recorded for dried onions at 21.6%. This was followed by chicken meat at 15.5%, bell peppers at 12.7%, tomatoes at 9.7%, and green onions at 9.2%.

Producer Prices

At the producer level in May, 3 out of 27 products saw a price increase, while 13 experienced a decrease, with 11 products showing no change. The highest decrease was for dried onions at 34.2% and for cucumbers at 31%, while eggplants saw the highest increase at 41.5%.

The price drop in dried onions was attributed to the availability of early-harvest varieties and increased supply, while the rise in eggplants was due to supply issues during the transition from greenhouses to fields.

Changes in Input Prices in May

According to data collected through Agricultural Chambers, in May, the price of 20.20.0 compound fertilizer increased by 0.1% compared to April, while UREA fertilizer decreased by 5%, DAP fertilizer by 1.1%, ammonium sulfate fertilizer by 0.9%, and ammonium nitrate fertilizer by 0.7%. Compared to the same period last year, prices increased by 56.4% for ammonium sulfate fertilizer, 35.6% for UREA, 32.2% for ammonium nitrate, and 30.1% for DAP.

As of May, the price of livestock feed increased by 1.7%, and milk feed rose by 1.5%. Electricity prices increased by 19.8% year-on-year, while agricultural chemical prices rose by 66.6%. Diesel prices fell by 1.7% monthly but recorded a 109% increase on an annual basis.

Expectations for Grain Production

Based on initial estimates from the Turkish Statistical Institute (TÜİK), plant production is expected to increase by 0.8% to reach 138 million tons this year, while grain production is projected to decrease by 5.4%. It was noted that there has been a 13.7% reduction in wheat planting areas over the last decade.

World Milk Day

Set by the Food and Agriculture Organization of the United Nations, June 1 is celebrated as “World Milk Day.” Turkey ranks second in sheep milk production, sixth in goat milk production, and tenth in cow milk production worldwide.

Milk accounts for more than half of the animal production value in the country and is an essential food source for human health. It has been noted that milk and dairy products are insufficiently consumed and particularly lack accessibility for children in poor families.

There is a need to relieve the pressure on milk prices, control feed prices, and ensure sustainable supply routes for dairy producers. It is anticipated that resolving production-related issues will enhance competitiveness in international markets.

Our goal is to increase production in dairy and dairy products, offering our unique, high-quality items to global markets.

Selected Product Prices for March (TL/kg)

Input Prices in May

Livestock and Dairy Feeds

Agricultural Chemicals and Electricity Prices

Based on this information, a detailed evaluation of the changes between producer and supermarket prices, as well as increases and decreases in input prices, has been provided.