Turkey’s state-owned grain buyer, TMO, will annually organize stocks of at least 1.5 million tons of cereals to ensure food security in the face of global warming and the ongoing war in Ukraine. This move is a proactive measure to bolster Turkey’s cereal reserves and mitigate potential supply disruptions. [2]
The decision comes as Turkey grapples with the impacts of climate change, which have led to more frequent and severe droughts. These weather patterns have the potential to disrupt domestic cereal production, making it crucial for the country to maintain adequate strategic reserves. [2]
Furthermore, the war in Ukraine has significantly disrupted global grain trade, with Ukraine being a major exporter of cereals. By increasing its own cereal stocks, Turkey aims to insulate itself from the volatility in international markets and ensure a steady supply of essential grains for its population. [2]
This strategic stockpiling initiative underscores Turkey’s commitment to food security and its recognition of the growing threats posed by climate change and geopolitical tensions. By taking proactive steps to bolster its cereal reserves, Turkey is positioning itself to better withstand potential supply shocks and ensure the availability of critical food staples for its citizens.
Citations:
[1] https://directorstalk.net/palm-oil-rises-on-strong-exports
[2] https://twitter.com/UkrAgroConsult/status/1805147696786800724
[3] https://www.producer.com/news/turkey-russia-to-remain-strong-players-in-durum-market/
[4] https://www.statista.com/outlook/io/agriculture/cereals/turkey
[5] https://www.world-grain.com/articles/18995-focus-on-turkey