Browse Data and Analysis

On December 25, 2024, Türkiye unexpectedly increased the Special Consumption Tax (SCT) on distilled spirits by 12.5 percent, excluding domestically produced raki.

The area planted in sugar beets in MY 2023/24 is forecast marginally higher as some farmers will likely switch to growing beets in hopes of better returns. Despite this increase in acreage, beet sugar production is projected to remain flat year-to-year at 3 million metric tons because of drought conditions.

In the past year, meat and milk prices have skyrocketed due to a variety of factors, among which are insufficient cattle inventories, high input costs, semi-effective government policies, and limitations on importing meat and live animals.

Turkey’s grain sector continues to grapple with different challenges, the most recent of which are earthquake and drought.