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Monday, March 12, 2007

Turkey: depressed prices sparking farmers protests

"Turkey: depressed prices sparking farmers protests
By Sinan Ikinci
12 March 2007

Turkish hazelnut estimates for 2006-2007 show a significant excess supply, putting huge downward pressure on prices of the key agricultural and export commodity and threatening the livelihoods of hundreds of thousands of farmers. This will be the second blow to Turkish farmers after excess supply last year led to hazelnut prices plummeting to around 2.5 YTL per kilo from the previous year’s level of 7 YTL."

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