: :inin Kyiv (EET)

Turkey takes helm of $55b wheat market

ISTANBUL (AA): Turkey’s trade
group for flour producers is taking the Eurasian helm of an international
millers’ association, it announced on Monday.

By taking the Eurasia region
administration of the International Association of Operative Millers (IAOM),
the Turkish Flour Industrialists’ Federation (TFIF) took responsibility for $55
billion of the total world wheat market ($180 billion) and $2.5 billion of all
flour trade in the world ($5 billion), said Gunhan Ulusoy, head of the TFIF.

“The Eurasia region became the
most important region in recent years in wheat production and flour trade,” he
told a press conference in Istanbul. IAOM’s Euroasia region represents 30
percent of the world’s wheat production (737 million …read more

Source: The Frontier Post

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