As of the last days of September, the harvest season for the city’s national fruit, the fig, which is one of Aydın’s most important export products, has come to an end. October 7, which was previously determined as the export date, is approaching for the fig, which has taken its place in the domestic market. With the excitement of the new season and the upcoming export date in Aydın, the fig market is expected to become active. But traders are surprised. However, contrary to expectations due to low demand, the market is quite stagnant for the first time this year. Due to the Russian occupation of Ukraine, the energy crisis, and the depreciation of the euro, traders cannot find the demands of the past years.
300 million dollars export target
Nurettin Kırlıoğlu, Chairman of the Board of Directors of the Commodity Exchange, in the Nazilli district of Aydın, where the highest fig production and stock market trade takes place in Turkey, made special statements regarding the export of dried figs. Stating that dried figs create a great added value for the Turkish economy, President Kırlıoğlu said, “As Nazilli, we are in a leading position in dried fig production. We export dried figs, which our producers produce with great effort, to all over the world. Thus, we provide an important export income to both the provincial economy and the national economy. We anticipate that our fig export revenue will reach 300 million dollars by the end of the season.”
The Central Bank of the Republic of Turkey Monetary Policy Committee cut the policy rate by 100 basis points from 13 percent to 12 percent in the country, which is the world leader in inflation. With the interest rate cut, the Turkish lira depreciated against the dollar. The Usd/TL rate at 18.46 TL (18.29 last week) and Euro/TL rate is at 17.79 TL levels (18.30 last week).
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