Turkish Authorities Implement Measures to Stabilize Egg Prices Amid Demand Surge
To stabilize domestic egg prices amidst rising international demand, Turkish authorities have imposed a $0.50 per kilogram export levy on table eggs. This regulatory measure follows a U.S. avian flu outbreak, which has heightened prices and dependence on imports. Türkiye aims to export 15,000 tons of eggs to the U.S. by June 2024, showcasing its strong production capability.
In an effort to stabilize domestic egg prices amid rising international demand, particularly from the United States, Turkish authorities have implemented new regulatory measures. The recent outbreak of avian flu in the U.S. has severely disrupted local supply chains, which has led to heightened egg prices and an increased dependence on imports.
To counteract potential price increases in Türkiye, the government has levied a charge of $0.50 per kilogram on table egg exports as part of its Support and Price Stability Fund (DFIF). This measure was officially announced in the country’s gazette, indicating a proactive stance in managing domestic costs.
Türkiye is preparing to export 15,000 tons of eggs to the U.S. by June 2024, aiming to meet the growing international demand. According to data from the Turkish Statistical Institute (TÜİK), Türkiye produced over 100 billion eggs from 2020 to 2024, with production figures fluctuating in recent years.
Despite some inconsistencies in the trade of non-incubation chicken eggs, total exports have surpassed $1 billion in the past five years, with the United Arab Emirates standing out as the leading importer of Turkish eggs. Ibrahim Afyon, head of the Egg Producers Central Union (YUM-BİR), indicated that the recent export levy is intended to mitigate any potential domestic price increases.
“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.
He further addressed concerns regarding price inflation during Ramadan, assuring consumers that the domestic supply remains robust, with a self-sufficiency rate of approximately 120 percent. Mr. Afyon concluded, “This rate can be increased to 135 percent if needed.”
The Turkish government has enacted measures to keep egg prices stable amid international demand pressures and supply chain disruptions from avian flu in the U.S. By imposing an export levy, Türkiye seeks to protect its domestic market. With substantial production and a strong self-sufficiency rate, authorities emphasize that there will not be a pricing crisis in the upcoming Ramadan season.
Original Source: www.hurriyetdailynews.com
