 Ömer Görener, Banvit chairman, says the company has invested a total of 25 million Turkish Liras in red meat production. Hürriyet photo |
Banvit, a leading Turkish poultry and processed food company, has decided to withdraw from stock farming its own products after having invested a total of nearly 25 million Turkish Liras in the practice.
The decision came after the government amended policy regarding meat imports in an attempt to control skyrocketing meat prices in the country last year, with a recent statement from Banvit saying that it was forced to halt operations after it became impossible for domestically produced meat to compete with meat imports.
The company’s stock farming activities may start up again if conditions allow the domestic producer to operate more profitably, the statement read. “From now on, we will import meat just like cautious tradesmen and continue our operations in the red meat sector,” said Ömer Görener, Banvit chairman. “We will make our red meat production from imported meat.”
The company invested nearly 25 million liras in red meat production up until today, according to Görener.
Based in the town of Bandırma in Turkey’s northwestern province of Balıkesir, Banvit is one of the leading domestic red meat producers in the country, with nearly 23,000 animals in its pens.
Over the last 20 years, the number of bovines and dairy cows in the country has declined by 13 percent and 33 percent, respectively, which gradually affected meat prices.
While stockbreeders have said that the number of animals in Turkey was in decline, the Turkish Ministry of Agriculture disagreed. “There is a sufficient number of animals,” it said in a statement.
Stockbreeders wanted the government to take measures by importing livestock rather than importing meat, arguing that as animal supply decreased, meat consumption increased, and meat prices started to rapidly increase.
After the Agriculture Ministry permitted the import of livestock on April 23 last year a total of 50,000 tons of imported meat entered Turkey in September. The ministry then allowed the private sector and the Meat and Fish Institute, or EBK, to import meat in the last week of September last year.
The decision came after the government amended policy regarding meat imports in an attempt to control skyrocketing meat prices in the country last year, with a recent statement from Banvit saying that it was forced to halt operations after it became impossible for domestically produced meat to compete with meat imports.
The company’s stock farming activities may start up again if conditions allow the domestic producer to operate more profitably, the statement read. “From now on, we will import meat just like cautious tradesmen and continue our operations in the red meat sector,” said Ömer Görener, Banvit chairman. “We will make our red meat production from imported meat.”
The company invested nearly 25 million liras in red meat production up until today, according to Görener.
Based in the town of Bandırma in Turkey’s northwestern province of Balıkesir, Banvit is one of the leading domestic red meat producers in the country, with nearly 23,000 animals in its pens.
Over the last 20 years, the number of bovines and dairy cows in the country has declined by 13 percent and 33 percent, respectively, which gradually affected meat prices.
While stockbreeders have said that the number of animals in Turkey was in decline, the Turkish Ministry of Agriculture disagreed. “There is a sufficient number of animals,” it said in a statement.
Stockbreeders wanted the government to take measures by importing livestock rather than importing meat, arguing that as animal supply decreased, meat consumption increased, and meat prices started to rapidly increase.
After the Agriculture Ministry permitted the import of livestock on April 23 last year a total of 50,000 tons of imported meat entered Turkey in September. The ministry then allowed the private sector and the Meat and Fish Institute, or EBK, to import meat in the last week of September last year.
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