Turkish Authorities Implement Measures to Stabilize Egg Prices Amid Rising Demand

Turkish authorities have taken measures to stabilize domestic egg prices amid rising international demand, particularly from the U.S. This includes imposing a $0.50 export levy on eggs. The country plans to export 15,000 tons of eggs to the U.S. by June and reports strong domestic production capabilities, addressing concerns of price surges during Ramadan.

In response to surging international demand for eggs, particularly from the United States, Turkish authorities have enacted regulatory measures aimed at stabilizing domestic prices. The recent avian flu outbreak in the U.S. has disrupted local supply chains, leading to elevated prices and an increased reliance on foreign imports.

To thwart significant price increases in Turkey, the government has introduced a levy of $0.50 per kilogram on table egg exports, as officially stated in the Official Gazette under the Support and Price Stability Fund (DFIF). To meet increasing demand, Turkey plans to export 15,000 tons of eggs to the United States by June.

Between 2020 and 2024, Turkey has produced over 100 billion eggs, according to data from the Turkish Statistical Institute (TÜİK). Annual egg production has varied, with notable figures including 19.8 billion in both 2020 and 2022, 19.3 billion in 2021, 20.6 billion in 2023, and a peak of 21.2 billion anticipated in 2024.

The export of non-incubation chicken eggs has displayed an inconsistent trend, with total exports surpassing $1 billion in the last five years. Notably, the United Arab Emirates (UAE) remains the leading importer of Turkish eggs.

Ibrahim Afyon, the head of the Egg Producers Central Union (YUM-BİR), underscored that the newly implemented export levy is intended to prevent unnecessary price increases within the domestic market. “With rising demand from the U.S. and Europe, we implemented this measure to stabilize local prices. There is no supply shortage — our production is increasing. Egg prices are often dictated by market perception rather than actual supply constraints,” stated Mr. Afyon.

In light of potential price increases during Ramadan, Mr. Afyon assuaged consumer concerns, asserting that there are no grounds for price inflation. “Our domestic supply remains strong, with a self-sufficiency rate of nearly 120 percent, which can be increased to 135 percent if needed,” he concluded.

In summary, Turkish authorities are proactively addressing the rising demand for eggs, particularly from the U.S., by implementing an export levy to stabilize domestic prices. The country has demonstrated robust egg production capabilities and aims to ensure sufficient supply amidst international demand. Industry leaders reaffirm that the domestic market remains strong, alleviating concerns of potential price hikes during the upcoming Ramadan season.

Original Source: www.hurriyetdailynews.com