Import market for White Sugar in Turkiye (6월, 2022)

The article highlights the significant impact of a 67% increase in sugar prices on the baking and confectionery industry in İzmir, Turkey. The steep rise, which has led to a scarcity of sugar and substantial cost burdens for businesses, is causing widespread financial strain. Confectioners and bakers are grappling with declining customer numbers and the inability to pass on rising costs to consumers. The situation is further exacerbated by soaring electricity bills and a dwindling customer base due to escalating living costs. In response, businesses are cutting staff and expenses, with some owners personally assuming production tasks to stay afloat. The situation is critical, with businesses facing the threat of closure if the status quo persists, prompting calls for urgent government intervention and financial support to alleviate the pressure.