What is the price of molasses per kilogram/pound in Turkey today?
The retail price range for Turkey molasses is between US$ 9.42 and US$ 13.32 per kilogram or between US$ 4.27 and US$ 6.04 per pound(lb). Click here to see today's exact prices of molasses in Turkey
The retail price range in Turkish Lira for molasses is between TRY 186.53 and TRY 263.78 per kilogram or between TRY 84.59 and TRY 119.63 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey molasses is between US$ 6.59 and US$ 9.32 per kilogram or between US$ 2.99 and US$ 4.23 per pound(lb).
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Turkey Molasses Export Prices - Historical, Trends and Prediction
The export price per kilogram of Molasses from Turkey over the last five years has seen a significant decrease. In 2012, the price was 3.78 US dollars per kg, but by 2021, it had dropped to 0.82 US dollars per kg. The lowest price was recorded in 2015, when it was 0.27 US dollars per kg. Since then, the price has been steadily increasing, with the highest price of 1.07 US dollars per kg recorded in 2022. Based on this trend, it is predicted that the export price of Molasses from Turkey in 2023 will be around 1.20 US dollars per kg, and in 2024, it will be around 1.35 US dollars per kg.The exports of molasses from Turkey are classified as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
Turkey Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into Turkey has seen a significant decrease over the last five years. In 2012, the price was 3.78 US dollars per kg, but by 2016, it had dropped to 0.32 US dollars per kg. Since then, the price has fluctuated, reaching a low of 0.13 US dollars per kg in 2017 and a high of 0.86 US dollars per kg in 2018. In 2019, the price dropped to 0.34 US dollars per kg, before increasing to 0.75 US dollars per kg in 2020. The price has continued to rise, reaching 0.82 US dollars per kg in 2021 and 1.07 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Molasses into Turkey will continue to increase, reaching approximately 1.20 US dollars per kg in 2023 and 1.35 US dollars per kg in 2024.Export values for Turkey molasses
The total values in export for molasses in Turkey were US$ 28, US$ 35, US$ 367 and US$ 272 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Turkey: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Middle East: Bahrain molasses, Cyprus molasses, Iraq molasses, Israel molasses, Jordan molasses, Kuwait molasses, Lebanon molasses, Palestine molasses, Oman molasses & Qatar molasses.
Turkey molasses - Production, Exports, Imports, Seasons and HS Codes
The volume of molasses exported by Turkey in 2020 was 267 tonnes. In 2019 Turkey exported 793 tonnes of molasses. Across 2019 alone, the interest in Turkey molasses (processed category) has escalated, with a change of 84.848 per cent compared to the year 2018. Between 2017 and 2019, molasses' exports went up by 192.62% bringing the exporter US$0.27m for the year 2019. Turkey's molasses exports are classified as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
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Turkey molasses export values
In 2019, Turkey shipped molasses with a value of 0.27m USD, a contraction of -26.43% from 2018's total molasses export of 0.367m USD. The annual reduction in value of Turkey molasses between 2017 to 2018 was 948.571%.
The per year change in the amount of Turkey's molasses exports between 2017 and 2019 was 192.62 per cent compared to a variation of 84.848% in the period between 2018 and 2019.
Export markets for Turkey molasses ( in '000$ )
Turkey's top export markets for molasses are Cyprus, Egypt, Yemen, Qatar and Syria.
Turkey brought in 390,248 tonnes of molasses in 2019.