Taban Gıda Does Not Stop Investing
Adding two dry cargo ships to its fleet with a total investment of 14 million dollars by the parent company Vivalon AG, Taban Gıda put silo and flour factory investments on its agenda.
Founded in 2016, Taban Gıda has added a second one to their first dry cargo vessel, which they bought in September with an investment of 9 million dollars. This time, with an investment of 5 million dollars, the second ship was anchored for grain trade. The company, which carries out the transit trade of grain, feed group, and oilseeds, and particularly wheat, to 20 countries in the Asian, African, European, and American markets, aims to achieve the leadership position it assumed in the domestic market, also in the global market by investing a total of 100 million dollars in the field of production, logistics, and storage in three years.
THE 2021 TARGET IS A 3 BILLION LIRA TURNOVER
With a turnover of 37 million TL in 2016, their first year of operation, Taban Gıda has reached a turnover of 2.5 billion TL in the five years that have passed. The company, which traded 1.5 million tons of wheat last year, realizes 85% of their turnover in Türkiye. Reporting that they have reached a 20% market share in the domestic market, Hasan Hacıhalioğlu, CEO of Taban Gıda, remarked that the turnover target for 2021 is 3 billion TL. Hasan Hacıhaliloğlu, CEO of Taban Gıda, said, “We aim to reach our strategy of increasing our volume faster. We are planning to purchase two more ships soon. We direct our earnings to investment, the only way to become a global player.” Thus, Hacıhalioğlu said they plan to buy two more ships and invest in silos. They are also searching for a flour factory.
DEMAND INCREASED DURING THE PANDEMIC
Wheat is more critical than other agricultural products because it is the raw material of the most basic foods (such as bakery products, pasta, semolina, biscuits, and bulgur). According to the June 2021/2022 harvest season projections of the US Department of Agriculture, %28 of the world’s total grain production is wheat production, which is 2.8 billion tons. Similarly, wheat has a share of %41 of the world’s total grain export, 464 million tons.
DOMESTIC CONSUMPTION IS 20 MILLION TONS
According to data from Türkiye, domestic use of wheat is 20 million tons as of 2019/20. %80 of this amount is consumed by the food industry, 11% is by the feed industry, and 6% is used as seed. Iraq, Venezuela, Yemen and Somalia are the leading countries to which Türkiye exports wheat and wheat products. In contrast, Russia has the highest wheat imports, which make up %64.6 of the national imports. As of the 2019/20 harvest season in Türkiye, the share of imports in the total wheat supply is %37.