BLOG

Turkey's agricultural input prices up 33.25% annually

22 October 20241 min reading

Turkey’s agricultural input price index (Tarım-GFE) increased by 33.25% year-on-year in August 2024, with feed prices up 26.65% annually and 0.48% monthly. Despite the feed cost's significant share in animal product pricing, its increase remains below the overall input price rise.

According to Turkstat's data, the agricultural input price index (2020=100) saw a 33.25% increase in August 2024 compared to the same month last year. Feed prices rose by 26.65% annually and 0.48% on a monthly basis. Overall, the Tarım-GFE showed a 1.39% increase compared to July, with a year-to-date rise of 22.33%. The 12-month average increase stood at 43.15%. It was noteworthy that the price increases in feed, which accounts for about 70% of the total production costs of animal products, remained lower than the overall increase in agricultural input prices.


Among the key input categories, costs related to agricultural investments surged by 48.51% annually, while inputs used in agricultural production increased by 30.90%. Veterinary services experienced the sharpest yearly rise, with a 74.09% increase, and seeds and planting materials saw the highest monthly jump at 4.62%.

The next update from Turkstat is scheduled for November 20, 2024.

Articles in News Category
27 May 20223 min reading

Kemin Industries opens new facilities in Mexico

01 December 20212 min reading

Adisseo introduces new-generation phytase Rovabio PhyPlus

07 July 20172 min reading

Turkish and Iranian feed industrialists meet at IDMA

Turkish and Iranian feed industrialists met at IDMA 2017 Exhibition which was held on 04-07 May i...