Foreigners take hold of Turkey’s food sector
Amid a series of high-profile foreign takeovers in Turkey’s food industry led by Japanese investors, many are worried that the country is losing its self-sufficiency in food.
ANKARA, Turkey — Once among the world’s seven countries that are self-sufficient in food, Turkey is fast becoming an importer of food as well as agricultural and husbandry products, as foreigners increasingly taking hold of the country’s food industry.
Foreign investors have acquired several deep-rooted Turkish food-producing and exporting companies, including leading brands in meat, dairy, pulse, pasta, bread, soft drinks, convenience food, cooking oil, biscuits and chocolate. The process has contributed to rising food prices, decreasing production and a full-fledged green light to imports.
