Food exports in Turkey skyrocketed due to strong dollar rate in 2011

According to figures released by the government, total exportation of agricultural products and foods from Turkey increased by 21% in the period between January and November 2011 when compared with the same period in 2010. This rise is attributed to the effect of rise in US dollar to 1,91 Turkish Liras. 

The idea of devaluing Turkish Lira against USD in an attempt to curb the deficit in the balance of payments has so far been successful.

However, considering the fact that dollar has depreciated against Turkish Lira by 10% over the past two weeks and that this fall seems to continue in the near future, prices recorded in January 2012 seems to be the best for the importer till the next crop date, which will be in summer 2012.