TURKEY HAS HIGH AMBITIONS TO GROW LARGE OILS AND FATS SECTOR
September 1st, 2011
BY PAUL COCHRANE
TURKEY is the fifth largest importer of oils and oilseeds in the world, with demand being driven by its burgeoning economy, sizable food export industry, and a population of 74.8 million people. But while its demand for vegetable oils is outstripping local production, in olive oil production the country has set its sights on rising up the global rankings from its current fifth place to become the second largest producer.
To address the trade imbalances in vegetable oils and oilseeds, the Turkish government in coordination with the 54 member ...
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