Turkey’s producers face tough choices after staggering energy hikes
Source:al Monitor Date:20Feb2022
According to Erdal Tufekci, a board member of the Food Retailers Association, the price hikes on electricity, gas and fuel have badly hit the food sector, where many manufacturers and retailers depend on nonstop energy consumption for cooling or heating. Due to falling purchasing power, consumers have been buying in smaller quantities and turning to cheaper brands, Tufekci noted. “With costs on the rise and demand dropping, many companies have come to slim down packages in a bid to sustain sales without compromising quality, but this, too, has limits,” he said.
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