Legume, grain prices double within a year

Following a 2014 in which rising food prices continually occupied the agenda, market data from 2015 indicate that the prices for certain legumes and grains are double the cost of last year An extended drought punctuated by periods of frost hit the fields hard last year, resulting in dismal yields for agricultural producers and record prices in the market. Prices of certain goods have stayed high while the recent devaluation of the Turkish lira, which has lost as mu

Following a 2014 in which rising food prices continually occupied the agenda, market data from 2015 indicate that the prices for certain legumes and grains are double the cost of last year

An extended drought punctuated by periods of frost hit the fields hard last year, resulting in dismal yields for agricultural producers and record prices in the market.

Prices of certain goods have stayed high while the recent devaluation of the Turkish lira, which has lost as much as 10 percent of its value this year alone, has further impacted consumer prices. Data based on supermarket prices indicate that the cost of certain legumes and grains has doubled within a year The price of yellow lentils doubled, while the prices of green and red lentils went up from TL 225 and TL 250 to TL 6, respectively, between 2014 and 2015.

Prices for rice, chickpeas and butter beans all doubled, while bulgur wheat prices went up 50 percent. The price surge is likely to heavily impact Turkish households, as lentils, rice, chickpeas and beans are all essential staples cooked on their own and used in a variety of common dishes.

The year 2015 has thus far not been kind to either agricultural producers or consumers. Unfavorable weather conditions throughout the country have resulted in significant yield losses from fields and greenhouses in recent months, causing the prices of various fruits and vegetables to soar, many of which have become twice as expensive as they were at the beginning of the year Heavy precipitation as well as subsequent frost and blizzards hit various provinces of Turkey where greenhouse cultivation is one of the most popular means of earning a living, such as Antalya, AydIn, Adana, Izmir, MuIla and Yalova The prices of fruits and vegetables — especially greenhouse vegetables — have skyrocketed in the last few months, rising by between 20 percent and 230 percent.

The greatest increase was seen in the price of green beans, which rose between 166 percent and 233 percent. While a kilogram of green beans sold for between TL 450 and TL 750 at Istanbuland#39s fruit and vegetable wholesale marketplace on Jan.

5, it was priced between TL 15 and TL 20 on Feb. 24.

As food prices in Turkey rise, recent data from the UNand#39s Food and Agricultural Organization (FAO) indicate that global food prices have reached unprecedented lows in recent months.

.

SOURCE: Today’s Zaman