Onion Prices on the Decline in Nabati Market

Onion Prices Start to Decrease, Says Turkey’s Treasury Minister

Nureddin Nebati, Turkey’s Treasury and Finance Minister, spoke on a television program and addressed the debate regarding the high onion prices in the country. He attributed the hike to seasonal conditions but noted that prices have started to decrease with the introduction of new products. Nebati also discredited claims that the exchange rate would rise and the stock market would fall. He reassured citizens that the foreign exchange attacks had ceased due to currency-protected legislation and that foreign exchange was in its natural process.

The Minister also highlighted the success of the currency-protected legislation program, with deposits approaching 2.2 trillion. Housing prices were also discussed in the program, with Nebati noting that manufacturers were having a hard time selling their houses four years ago due to oversupply. However, they are presently being encouraged to produce quickly, and prices are expected to stabilize in a short time.

Regarding the fall in onion prices, Nebati stated that new products are being introduced, leading to a drop in prices. He also dismissed the perception that those who rely on onions are trying to produce at present. With the decrease in onion prices and the currency-protected legislation program, Nebati hopes to stabilize prices in the country in the coming months.

 

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