According to the decision taken by the Ministry of Commerce, Turkey from October 31, 2021 until the date can not be exported in bulk and drums of olive oil. There was a reaction from olive oil exporters to the decision. EZZİB Management said in a statement on the issue from the Council, “Turkey 2021/22 4 months remaining of the season special decree close to the amount of olive oil brought to Turkey, we see that we have an export at low levels compared to last season. Turkey’s annual 140 thousand tons of domestic consumption Under these conditions, we have around 60-70 thousand tons of olive oil that can be exported. 55 percent of our exports are made in bulk. There was no big increase in olive oil prices compared to the increase in other vegetable oil prices.
“IF THE PRICES WANT TO BE REDUCED, DRAW THE VAT TO 1 PERCENT”
of per capita oil consumption in Turkey is 17 liters drawn attention to the level of description, “Olive oil is a 2-liter share of that consumption. Although there is no increase in olive oil prices and vegetable oil prices, our suggestion is to reduce the VAT from 8 percent to 1 percent in order to decrease the prices of olive oil and increase its consumption further. In this way, a relief opportunity will arise in favor of our consumers at prices around 2.5 TL per liter.
“OUR MAIN GOAL IS TO INCREASE BOXED EXPORTS”
In the statement noted that the main goal of exporters is to increase the export of boxed olive oil, “Today, 60 percent of Spain’s total exports are still in the form of bulk. As in the example of Spain, our ultimate goal is to increase the share of our boxed exports. On the other hand, companies operating in areas such as catering and canned fish in the world supply olive oil in bulk from our country to be used in their own production. For all these reasons, we want the continuation of the export of bulk and barreled olive oil “expressions were used.