Turkey plans a massive factory to produce chickpea flour and other vegetables in an effort to boost its food exports amid a global glut.
According to a report in Turkish daily Sabah, Turkey will begin manufacturing chickpeasant flour at the Turkish Agricultural University in Ankara in the coming months and will be the largest chicken-processing plant in the world.
Turkey’s biggest export of chickpeast flour is to China, where it is used to make soy sauce.
In Turkey, the flour has also been used to bake bread, yogurt, yogurt products and other products, Sabah said.
In the past, the Turkey-China trade deficit reached more than $100 million annually, Sabab said.
Turkey is also one of the world’s top exporters of soybean oil.
It has a monopoly on the export of soybeans, and Turkey is currently the only country in the Middle East where soybean production is permitted under international trade agreements.
The trade deficit has been growing steadily in recent years, as the price of soy has dropped and demand for soybeans has also declined, according to the World Trade Organization.
The report said that Turkey’s annual economic growth of around 6.4 percent was in the red in 2017 and was expected to fall to 3.9 percent in 2020.
Turkey is planning to boost exports by a further 2 percent in 2021 and 2021 and a further 5 percent in 2022.
The country’s foreign trade deficit is estimated at $1.4 billion in 2017, while its current account deficit is $1 billion.
The country is facing mounting pressures from its currency, the lira, and from a string of terrorist attacks.