TURKISH TOBACCO LEAF PRODUCERS FACE ECONOMIC AND CLIMATE CHALLENGES – BUT PROTECTIONISM MAY HELP THEM SURVIVE
January 22nd, 2023
Turkey is the world’s largest Oriental tobacco leaf producer, but harvests have been impacted over the past two years by unusually hot summers and drought. Ranking 15th in tobacco production worldwide, according to the Izmir-based Aegean Tobacco Exporters’ Association (ATEA), the 2022 tobacco crop is expected to be like 2021. The sector, as for the country at large, is however reeling from higher production costs due to surging inflation, the depreciation of the Turkish lira, and a higher minimum wage.
Turkey inflation hit a 24 year high in 2022, averaging ...
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