Exporters Have Worst Month in April Since the Start Of Ukraine Conflict

LOCAL NEWS

• Turkish Exporters lose nearly $140m in April due to blockages from Ukraine. Sales to Russia & Ukraine fell to $500m from $638m the month prior – marking the largest m/m decline in trade since the war began (53.5%). https://www.dailysabah.com/business/economy/turkis...
• On Friday, US undersecretary Nuland said that Turkey’s violations of Greek airspace were provocative and that the US does not support such violations. Nuland also noted that conversations over F-16s and modernisation kits were underway but not completed – Ahval
• Tourism experts say the Government’s target of 45m tourists and $35bn in tourism revenue for 2022 is ambitious. Hotels were emptier than expected over the Ramadan feast and the expected number of EU tourists vs Russian and Ukrainians is so far lower than forecast – Cumhurriyet
• Dairy prices expected to rise by 30% in May with the national dairy council raising raw mil prices to 7.50 TRY per litre as of 15 May – Dunya