Browse Data and Analysis

Turkey’s food sector is diverse and growing, despite COVID-19 and recent economic difficulties. COVID-19 prompted a health and wellness trend among many middle-class consumers, who are looking for healthier processed and packaged food products.

Turkey’s production of chicken meat in 2022 is projected higher, in large part because of anticipated strong export demand from neighboring countries and China.

In the last couple weeks, Turkey has imposed temporary export bans on select agricultural products to stabilize local market conditions and keep prices from running higher.

Fearing rising prices and the perceived threat of sunflower oil shortages, customers have scrambled in recent days to stock up on cooking oils.

Argentine beef exports in 2022 are forecast at 700,000 tons, carcass weight equivalent, 30,000 tons below the official USDA number. This number is as the result of a marginally smaller slaughter and beef production than earlier projected.

Turkey’s production of major oilseeds – sunflowerseeds, cottonseeds, and soybeans – in MY 2022/23 is projected to rebound from the previous year as strong prices are expected to spur increased plantings.