One of Turkey's leading wheat supply providers, Taban Gıda started an investment rush to strengthen their presence in global market. A new ship has been added to their fleet, next to 42,648 DWT ship purchased by the parent company Vivalon AG to strengthen the supply chain spanning the Asian, African, European and American markets, and this second 7,550 DWT ship was anchored for the grain trade with an investment of 5 million dollars. The company, which supplies grain, feed group and oilseeds, and particularly wheat, to nearly 20 countries around the world, and aims to replicate their domestic leadership in the global market with plans of a total of 100 million dollars investment in the fields of production, logistics, and storage in the next 3 years.

20% domestic market share

Noting that they started their activities in 2016 with the principle of speed, trust, and demand-oriented trade, Taban Gıda CEO Hasan Hacıhaliloğlu stated that they completed 2016 with a turnover of 37 million TL and reached a turnover of 2.5 billion TL in the last 5 years. Explaining that while the share of wheat in their turnover was 77 percent in 2020, this ratio reached 89 percent in 2021, Hacıhaliloğlu said, “Last year, we traded 1.5 million tons of wheat and 85 percent of our turnover happens in Turkey. We are the leader of wheat supply market of the private sector with a share of 20 percent in the domestic market and our turnover target for the current year is 3 billion TL”.

They will also supply feed raw materials

Stating that they want to achieve a higher share in the supply of feed raw materials, as well, Hacıhaliloğlu said that they aim to increase their market share in this product group, which includes a variety of feed raw materials such as soybean and sunflower meal, barley, corn, wheat bran, apart from wheat, in the next 3 years with production and logistics investments that will support the supply chain.

Highlighting that they are doing transit trade based on needs and demand, Hacıhaliloğlu said that they made new investment moves by analyzing various risks and opportunities created by global crises such as the global climate change, the pandemic, and current freight crisis.

Drawing attention to the increase in the wheat consumption due to COVID-19 in the world, and the subsequent increase in demand for durable dry food products, Hacıhaliloğlu explained, "This situation caused the price of hard red wheat (HRW) to increase by 30 percent compared to the 2021 five-month averages, to 284 dollars from what was 219 dollars a ton in 2019, when the effects of the pandemic began to be felt.”

Feasibility studies started for flour factory investment

Hacıhaliloğlu also referred to the fact that the stockpiling capacities of countries increased during the pandemic, particulary in agricultural commodities, and stated that countries such as China, which ranks No.1 in wheat production, started to stockpile more volumes. Stating that China, India and Russia are in the first three places in wheat production, Hacıhaliloğlu said, “We estimate Turkey's average production as 15 million tons this year. We have been among the top exporting countries of flour in the world since 2005. We are among the few leading countries in pasta export. And in recent years, we have also risen to the top in biscuit production. This significant success of Turkey is crucially important in terms of value-added production and exports. There are also flour production plans among our investment moves. Our company has started feasibility studies for a flour factory investment with a daily capacity of 1000 tons domestic and abroad”, he reported.

Plans to invest in 2 more new ships

Vivalon AG, the parent company of Taban Gıda, bought the first Japanese-made 42,648 DWT dry cargo ship for 9 million dollars last month, Hacıhaliloğlu said and added that the second ship, the Italian-made 7,550 DWT dry cargo ship, joined the fleet with an investment of 5 million dollars. “We made these investments to have a say in the transit trade market, which is important to control transportation costs,” said Hacıhaliloğlu, “We aim to reach our strategy of increasing our volume faster. We are planning to purchase 2 more ships soon. We direct our earnings to investments, which is the only way to become a global player.”

100 thousand tons of silo investment will be made

Explaining that they make 15.7 percent of the wheat imported from Turkish ports, Hacıhaliloğlu emphasized that they have a high share in wheat imports, especially in ports that have an immense importance in Turkey's imports and exports. Stating that their companies have a share of 34 percent in Karasu, 26 percent in Iskenderun, 21 percent in Bandırma, 18 percent in Tekirdağ and 14 percent in Samsun Port, which are among the ports where high tonnage trade is conducted in Turkey, Hacıhaliloğlu said: We make rentals with high storage capacity in many ports of Turkey. We aim to establish our own silos that will reach a storage capacity of one hundred thousand tons in 2 years.”