TİGEM reports 336.77 million lira in annual foal sales revenue

The General Directorate of Agricultural Enterprises (TİGEM) has announced that its foal sales for the year have generated a total revenue of 336,770,000 Turkish Liras.

During the final auction of the year held at the Veliefendi Racecourse in Istanbul, 12 elite purebred Arabian foals were sold, generating 46,850,000 Turkish Liras. The auction featured 15 foals, three of which did not find buyers. The highest-selling foal, named ‘Akifcan’, was sold for 7 million Turkish Liras via an online bid.

TİGEM General Manager Hasan Gezginç stated that the institution has sold a total of 323 foals throughout the year. He noted that the organization supports the breeding sector by providing nearly 400 racing and elite foals annually. TİGEM operates 17 enterprises across 3.5 million decares of land in Turkey, focusing on certified seeds and high-quality breeding stock.