Luxembourg-based drink manufacturer Purple Beverages appealed to Turkey's Competition Authority to buy Doğanay Foods, the country's largest turnip juice producer. Turnip juice is a common cold beverage in Turkey, even drank with rakı.
Turkey's June inflation rates exceeded experts' expectations at 1.13 percent, almost double the estimates. Meanwhile, annual inflation reached 12.62 percent.
Recent data from the Istanbul Municipality revealed that one out of every seven Istanbulite applied to receive financial aid from the municipality. While some 682,697 applications were made, 10.6 percent of households in Istanbul were granted financial aid.
Turkish engineers' union representatives have warned against a potential food crisis triggered by the halt in imports caused by the COVID-19 pandemic. While Turkey produces most of its rice, corn and cotton, about one third is imported, a representative said, adding that a pause in imports could cause short supplies in the near future.
Turkey has about six months' supply of food and beverages to last through the COVID-19 pandemic, an industry representative said. Consumption has increased overall, and customers have started making pleasure purchases of beverages and snacks.
The outbreak of the coronavirus has hindered the import of Chinese sunflower seeds to the central Anatolian province of Kayseri. While stocks are used up and no imports are expected soon, vendors predict sunflower seed prices to increase up to double the current 20 Turkish Liras per kilo.