November Sees Price Hikes in 38 of 42 Grocery Items, While 4 Experience Drops
In November, there was a price increase in 38 out of 42 products in the market, while 4 products experienced a price decrease. Şemsi Bayraktar, the President of the Turkish Union of Agricultural Chambers (TZOB), evaluated the price differences between producers and markets, as well as the monthly and yearly changes in input prices, in a written press statement.
Bayraktar indicated that the highest price difference between producers and markets was observed in lemons, at 253.7%. This was followed by potatoes with a difference of 204.9%, dried apricots at 197.4%, carrots at 193.1%, and pistachios at 188.7%. Lemons were sold at 3.5 times, potatoes and dried apricots at 3 times, and carrots and pistachios at 2.9 times their production prices. Lemons, priced at 8.25 TL for producers, were sold at 29.18 TL in the market; potatoes at 6.13 TL were sold for 18.69 TL; dried apricots that cost 135 TL were priced at 401.52 TL; carrots priced at 11.50 TL sold at 33.71 TL; and pistachios at 240 TL were sold for 693 TL in the market.
In November, the product that experienced the highest price increase in the market was eggplant, while for producers it was cauliflower. The product that saw the biggest price decrease in the market was orange, whereas for producers, it was lemon.
Market prices: In November, prices increased for 38 out of 42 products in the market, while 4 products saw a price decrease. The product with the highest price increase was eggplant, which saw a rise of 69.2%. This was followed by tomatoes at 47.5%, dried onions at 42.3%, and cauliflower at 39.4%. The product that experienced the most significant price drop was orange, at 17.2%, followed by lemon at 4.4% and chicken meat at 3.2%.
Producer prices: In November, prices increased for 20 out of 34 products among producers, while 7 products experienced a price decrease. No price change was noted for 7 products. The most substantial price decline among producers was in lemons, at 17.5%. This was followed by squash at 15.1%, olive oil at 10.8%, and carrots at 4.2%. The highest price increase for producers was noted in cauliflower, at 153.4%, followed by white cabbage at 113.8%, eggplant, and dried onions at 100%.
Reasons for changes in producer prices: A stagnation is observed in the olive oil market, leading to price decreases due to lower demand. The decrease in supply caused cabbage prices to rise. The price increase for eggplants resulted from a decline in supply during the transition from field to greenhouse production. Onions and potatoes were stored, with labor and storage costs added to their prices. The price decreases in lemons and squash were due to an increase in supply. The decrease in supply and increase in demand led to a rise in cauliflower prices for producers.
Changes in monthly and yearly input prices in November: According to price data obtained from input markets through our Agricultural Chambers, in November, ammonium sulfate fertilizer increased by 3.6%, DAP fertilizer by 2.3%, ammonium nitrate fertilizer by 1.5%, urea fertilizer by 1%, and 20.20.0 compound fertilizer by 0.8% compared to October. Compared to November of last year, over the last year, ammonium sulfate fertilizer increased by 29.3%, DAP fertilizer by 24%, 20.20.0 compound fertilizer by 15%, urea fertilizer by 13.8%, and ammonium nitrate fertilizer by 12.7%. In November, compared to October, feed prices increased by 2.2%, and milk feed prices by 1.8%. Over the last year, milk feed prices rose by 36.9%, and feed prices by 36.1%. Agricultural pesticide prices increased by 25.7%, while electricity prices rose by 30.4% annually. Diesel prices increased by 3.3% monthly and by 17.2% yearly.