Tractor Sector Faces Continued Production and Sales Losses
· GıdaTarım
Turkey's agricultural machinery industry experienced a contraction in production and registrations in the first 7 months of the year, with rising costs and financing pressures challenging the sector.
Turkey's agricultural machinery industry faced a significant contraction in production and traffic registration data during the first 7 months of the year. According to the assessments of TARMAKBİR Secretary General Selami İleri, the decline in the production index and changes in export performance are directly affecting market dynamics.
Despite favorable climate conditions, producers and manufacturers are struggling with high costs and difficulties in accessing finance. Increasing inventory problems in the tractor market and declining capacity utilization rates pose risks to the vision of mechanization in agriculture.