Turkish sugar market sees increased competition and corporate restructuring

The Turkish sugar market is experiencing increased competition following a discounted sales initiative by the state-owned Türkşeker. After Türkşeker offered six-month deferred payment terms for sugar sales from several of its factories, private firms İşmen Gıda and Remzi Çakar responded by offering similar payment terms at prices 2 to 3 TL lower per bag. These competitors have reportedly sold between 60,000 and 70,000 tons of sugar in response to the state company's move.

Separately, Bor Şeker A. Ş. (BORSK) has approved a new one-year share buyback program to counter recent declines in its stock price. The company has allocated 250 million lira for the program, aiming to repurchase up to 36 million shares, which represents 3.75% of its capital. This decision follows a period of financial difficulty for the company, which reported a net loss of 282.2 million lira for the April-June 2026 period, driven by rising costs despite a slight increase in revenue.