Marktbericht No. 58 update Turkish Sultanas + Thompsons new crop

2018-10-05 | Inflation in Turkey increases dramatically with 17,9 percent in August this year. Currently we are already at 25,5 percent by now. Prices for transport and logistics even rose by 36,61 percent. Interest rate is currently at 24 percent. Since the latest interest increase Turkish Lira stabilized at TRY 6,00 for 1 USD. Before this intervention of Turkish Central Bank Turkish Lira was in free fall with TRY 7,1048 for 1 USD, an all-time low in 2018.