Corporate News

News


10
Aug
2015

 

We maintain our estimates about 370.000 - 380.000 decare which we had implemented for October 2015 in April.

Efficiency averages seem to be better from normal ones and could be thought as average 8 tons. However as

always, weather conditions during season shall affect this efficiency. For example, a few days ago, there has been hail

damage in some regions which…


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7
Apr
2015

Dear Colleagues,

It's that time of year when we have hopefully forgotten the problems of the past year and are looking forward to the new crop.

To add some details to the declared Turkish crop expectation of 2.5-2.6 m mt, we are actually expecting 2.9 m mt from about 37,000-38,000 Hectares, at a yield of 75 mt per Hectare. Yields can vary up…


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22
Sep
2014

Dear Colleagues,

Many of you may have read the book or seen the film "A Perfect Storm" and that sums up our tomato crop this year. After severely delayed plantings due to cold and wet weather in late April and early May, we had a less than perfect summer and during the crop fighting amongst the (other) processors for tomatoes.

While looking forward…


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22
Aug
2014

Dear Colleagues,

Although this is entitled "Into the season, late August" we are looking at a crop situation that would be expected in early August. Knowing for months that the crop will be 2-3 weeks late due to late planting is one thing, actually living it and the frustration is another.

On top of the delays, which are as expected, we continue…


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3
Aug
2014

Dear Colleagues,

Although the industry had started up 7-10 days before us using tomatoes from the Torbali area, we started up 3 days ago with tomatoes from our own fields in the Salihli area. First fruit was acceptable in terms of colour and better than usual in solids (brix), however we cannot forecast the whole crop based on 1% of the expected production!


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22
Aug
2013

As of the beginning of this week we reached full capacity and the quality of the fruit and therefore the product is good.  We have processed about 25% of the crop by today and hope to reach 50% by the end of August, leaving September for the second 50%.


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2
Aug
2013

We started processing tomatoes grown by ourselves together with one of our farmers in the southern region (Aegean) near Salihli and opened the Sultaniye factory last Saturday.   Local (Karacabey) tomatoes are, as expected, few and far between and will only start to come in abundance after the Ramazan holiday next weekend.

The mildew resulting from the heavy rains in June was brought…


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21
Feb
2013

In order to meet existing and potential customers in our largest market (Middle East and North Africa - MENA) Civan Özkaya and Duncan Blake attended Gulfood 2013 in Dubai.

This annual trade fair attracts buyers from a wide area, including not only GCC but also Africa, and the sub-continent.   Over 50% of Merko's tomato paste exports every year are destined for this large and fast-hrowing…


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3
Oct
2012

Dear Colleagues,

We completed our production last week with over 95% of budget processed, and can now relax a little before starting preparations for next year.  The rest of the industry - who received less fruit than expected and are scrabbling to complete contracts or budgets - will finish off today or tomorrow, and the total Turkish production will be just over 1.7 m mt, against…


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18
Sep
2012

Dear Colleagues,

It is not usual to be looking at the end of the crop in mid-September, but here we are with 95% processed and only a week or so to go before all the factories are closed for the season.

Although rain is forecast this week, to date we have had only 1 important rain event during the whole season and that was fairly localised.   However the forecast…


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21
Aug
2012

Dear Colleagues,

After a very dry June and July, and generally warmer than usual weather, we are now well into the season, and today is the last day of the "Bayram" or holiday after Ramadan.  All factories except ourselves closed for the Bayram, for 1-3 days and will be starting up again now.

While the rain and hail storm of last week caused some panic, the actual damage…


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2
Aug
2012

Dear Colleagues, 

  We started processing on Saturday with tomatoes from our field in the southern part of the growing region, with decent yields and very acceptable colour and quality for the start of the season.  It is too early to forecast what the balance will bring as the rest of our tomatoes will come from the north, and so far we are only harvesting a few loads a day,…


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2
Jul
2012

Dear All,

It was good to meet so many of you in Beijing and it proved to be a very interesting and educational congress, but now it's back to work.

Plantings were concluded in early June and so far the weather has been good, with forecasted rain showers not appearing and temperatures fairly normal, occasionally hot.

You can now see 3 photos of our tomatoes in our…


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23
May
2012

Dear All,

Transplanting continues apace, with 55% of our contracted area planted by last Sunday.  The rains have meant that the planting will be spread out over a longer period, and should give a better and more even delivery of tomatoes during the crop.

As of today there are no important changes forecast for the crop size, with the early crop being harvested in the…


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24
Apr
2012

 Dear Colleagues, 

  For those of you receiving this newsletter for the first time, I send out information of the Turkish crop from time to time before the season and more frequently during the season, trying to give an unbiased and realistic view of the upcoming (or progressing) Turkish crop, with regard to quantity and quality, but I keep away from commercial comments or analyses.…


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23
Sep
2011

Dear Colleagues,

Unfortunately the weather forecasts were spot-on, getting the timing and amount of rain exactly right, meaning that the tomato areas were "hit" by 30-80 Kgs of rain (1-3") in a 24-hour period yesterday.  Fields were flooded and will take days to dry out in some cases, pushing back the crop yet again.

While we can maintain the mantra that there are tomatoes…


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5
Sep
2011

Dear Colleagues,

In golf tournaments, Saturday is called "moving day" when the players want to get into a good position for the final day.  Well, not only for Turkey, but especially so given the lateness of the crop, September is "moving month" for the tomato crop this year - no mistakes can be made.

This week we announced to AMITOM that the crop was about 30% completed,…


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11
Aug
2011

Dear Colleagues,

Finally we opened the Sultaniye factory yesterday and expect to open Tepecik on Monday - the latest start that we can remember. The quality of the first fruit is encouraging and barring any problems we should have a good quality (ie normal !) crop this season.

Having said that, Western Turkey is being hit by a strange cold and wet front right now;  heavy…


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15
Jul
2011

Dear Colleagues,

With the crop in various stages depending on location, tomatoes surplus to fresh market requirements being processed in some of the smaller factories in the south and the first industrial tomatoes in Torbali being expected with factories opening on Monday 18th, although with small volumes.   The yields in the Torbali valley are expect to be low at around 60 mt…


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2
Jun
2011

Dear Colleagues,

After an unusually cool and wet spring - early summer, which has thrown back plantings by 15 days across the board, with the exception of the early plantings in the South Aegean area, we expect that the South will start up only slightly late and then there will be a gap before the central and Northern areas come on stream.

The delays caused certain turmoil…


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11
May
2011

Merko has re-financed its bank loans, closing the RBS line of credit which had been negotiated in 2005 during the re-structuring with new loans from Finansbank and Tekfenbank. The $42 m. debt of 2005 is now at the $15 m. level.


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16
Apr
2011

After the 2010 fiasco and spot prices for tomatoes up to €200 per mt and combined with the industry giving the farmers a price that is enough to encourage them to plant (at about the same level as Spain, bit more than Portugal, bit less than Italy) we are seeing a normal area being contracted. This will probably be 27,000 Ha. and if we get a yield of 74 mt per Ha. this implies a crop of 2…


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31
Mar
2011

 Merko signs syndicated credit agreement with Finansbank and Tekfenbank to close exiting debt with RBS under better terms.  TSKB debt


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28
Feb
2011

Merko pays off balance of debt to TSKB.


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