TÜRKIYE DAIRY PRODUCTION FALLS AS INDUSTEY STRUGGLES WITH INFLATION AND DEPRECIATING LIRA
June 22nd, 2024
Türkiye is one of the top 10 milk producers worldwide, according to the Turkish National Dairy Council (Ulusal Süt Konseyi - USK) but the country’s dairy sector has been impacted over the past two years by high inflation and the depreciation of the Turkish lira (1). Production is slowly rebounding, with demand driven by the country’s growing population and new export markets.
“Until the Covid pandemic the dairy sector was growing really well, then it started to decrease due to inflation and other issues, and has not really recovered,” said Shirley ...
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