Rise in Turkish food prices sparks fears of shortages
Turkey, a major agricultural producer, might find itself grappling with water shortages and food insecurity in the next decade unless it takes action to address growing problems in its agricultural sector.
With its food inflation already above 17%, crisis-hit Turkey is bracing for further increases in food prices amid looming declines in key crops due to drought, coming atop already serious problems in the agricultural sector and the country’s unremitting currency woes.
A fifth of the average household budget in Turkey goes to food, with the rate reaching up to 30% in low-income groups, according to official data. And with the country’s income distribution notoriously unfair, millions of people in low- and middle-income groups are highly vulnerable to food prices and food insecurity.
