Author Topic: Food Inflation to Rise Further?  (Read 1104 times)

0 Members and 1 Guest are viewing this topic.

Offline Colwyn

  • Prolific Member
  • *****
  • Posts: 6174
  • location: Bristol
Food Inflation to Rise Further?
« on: August 07, 2014, 10:40:44 AM »
One of the reasons for food prices in Turkey, especially meat, being so high - food inflation was higher than 12.5% year-on-year in July - is the large amount of meat and other produce being exported from Turkey to Russia. This brings in much needed foreign currency, but also means there is less supply to the home market thus driving up prices. Now Putin has imposed a ban on meat and other foodstuffs imported from the EU and USA, Russia will be looking to other sources of supply. Turkey seems an obvious choice.




Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf