PALM OIL DEMAND FOR RAMADAN AND BAYRAM IN TURKEY
15
VIEWS
by Mohammad Hafezh Abdul Rahman
Turkey showed strong performance in its manufacturing reflected in the positive trends of IPI, supported by tallying industry utilization rate which is around 76 percent. Food manufacturing has seen levels consistently above 100 from the base year 2005, showing strong performance in satisfying not only local demands, but exports market in the Middle East, Europe and now Africa. Looking at previous year’s trends, confectionery and bakery products manufacturing recorded high activities hence requiring lots of feedstocks including oils & fats. Stocks also shows that by February 2020, the levels are ready to supply during high manufacturing activity months.
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