Turkey's wheat prices to remain high in next decade

Ahmet Bayaner, an executive of Agricultural Production and Development Dept., said that wheat harvest was increasing, however, wheat stocks fell 75 millions of tons over the past 10 years.

"Reasons for surging wheat prices are insufficient agricultural investments, climate change which is still the major factor in production, rising oil prices and agricultural costs, weak U.S. dollar and wheat demand for biofuels," Bayaner said.

He said wheat growing was still advantageous in terms of profitability despite support provided for oil seeds.

"And this advantage will remain in the coming years," he said.