Turkish grain board purchases record 10 million tons of produce
Turkish Grain Board (TMO) has purchased more than 10 million tons of produce this year, reaching an all-time high, the Minister of Agriculture and Forestry, İbrahim Yumaklı, said in a statement on X.
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Yumaklı said that the TMO has paid 40.5 billion Turkish liras in product fees to producers so far, and that payments are ongoing. He added that the TMO will continue to purchase cereals until it has acquired the final product from farmers.
The TMO is a state-owned enterprise that is responsible for ensuring the food security of Turkey. It purchases and stores grains, legumes, and other agricultural products. The TMO's purchases this year are part of its efforts to safeguard Turkey's food supply amid the global food crisis.
The war in Ukraine has disrupted global food markets, and prices for wheat and other grains have soared. Turkey is a major importer of wheat, and the TMO's purchases are helping to ensure that the country has a sufficient supply of grain.
The TMO's purchases are also helping to support Turkish farmers. The high prices for grains are providing farmers with a much-needed boost, and the TMO's payments are helping to ensure that farmers are paid promptly for their crops.
The TMO's purchases are a positive development for Turkey's food security. They are helping to safeguard the country's food supply and support Turkish farmers. (ILKHA)
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