Turkish Olive Oil Producers Demand 50 Lira Per Liter State Subsidy

Olive oil producers in Turkey are urgently calling for state support, demanding a subsidy of 50 Turkish lira per liter. This plea comes as the sector faces a "yield year" with significantly increased production, but producers are struggling with escalating input costs.

An official petition, signed by Tariş Olive and Olive Oil Union and the Aegean Region agricultural chambers, has been sent to the Ministry of Treasury and Finance. The producers highlight that anticipated high yields in Spain are driving down global prices. Consequently, domestic market prices have fallen below the cost of production, making it difficult for Turkish farmers to sustain their operations.

The producers argue that without state intervention, the current market conditions threaten the viability of the olive oil sector. The requested subsidy is seen as crucial to cover production expenses and ensure the industry's survival amidst challenging international and domestic market dynamics.

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Spain's high yield expectations have caused prices to trend downward. Domestic market prices are falling below production costs.