Browse Data and Analysis

MY 2023/24 sunflowerseed production is forecast at 1.6 million metric tons (MMT), which is down nearly 20 percent year-over-year because of drought-related losses in Thrace, Turkey’s leading sunflower producing region.

Since the beginning of 2023, the Turkish Lira (TL) has weakened by around 20 percent against the U.S. dollar. Despite the economic turmoil, demand for chicken meat is relatively stable, even with expected increased poultry market prices in correlation with increasing inflation.

The “off-year” for production will push Turkiye’s pistachio production lower in Marketing Year (MY) 2023/24. The production of almonds and walnuts is forecast slightly higher but hazelnut production is expected to go down.

Türkiye’s cattle inventories are forecast to contract in 2024 for the fourth straight year as farmers continue marketing their underweight animals ahead of schedule to minimize losses from rising input costs, especially feed.