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Turkiye announced a three-month export ban on olive oil in bulk and in barrels due to the shortage of olive oil production in Mediterranean countries and subsequent negative effects on domestic prices.
The total cherry production forecast in Türkiye in Marketing Year (MY) 2023/24 is 900,000 metric tons (MT), which is 8 percent higher than MY 2022/23, due to favorable weather and soil conditions.
Turkey announced a three-month export ban on olive oil in bulk and in barrels due to the shortage of olive oil production in Mediterranean countries and subsequent negative effects on domestic prices.