A Record Raise In Sugar Prices Were Made By TurkSeker!

Turkish Sugar Factories (TurkSeker) increased the sugar price by a percentage due to the last minute development.

Sugar, which is among the products in which the VAT rate was reduced to 1 percent, received a record raise before the end of March. After the hike, the price of sugar per kilo increased from 5.96 TL to 7.80 TL. Turkish Sugar Factories (TurkSeker) increased the price of sugar by 31 percent. The weight price increased from 5.96 TL to 7.80 TL with this hike. The price of 5 kilograms of sugar, on the other hand, increased by 10 TL to 55 TL. In this case, the increase in the price of granulated sugar purchased by individual consumers on the retail side was 22 percent. Increasing costs were cited as the reason for the time spent on sugar. With two separate hikes in a month, TurkSeker has increased sugar prices by 50 percent in total. The following statements were regarding the subject: “TurkSeker, which enables our citizens to access packaged crystal powder and sugar cubes at affordable prices within the scope of the Shelf Price Guarantee (RFG) System, has updated the sugar price by taking into account the increasing costs. In this context, the kilogram price of sugar has been determined as 7.80 TL, including VAT, as of 31.03.2022. In addition, in order to support our manufacturing companies, sugar supply to our manufacturers has started again, taking into account criteria such as capacity and actual use. In this context, the price of a sack of 50 kilograms of sugar has been updated as 550 TL, including VAT.” Sugar factories belonging to the private sector are also expected to increase their prices after the state-owned TurkSeker.