Otel Moni http://otelmoni.com/ Sat, 18 Sep 2021 17:36:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://otelmoni.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Otel Moni http://otelmoni.com/ 32 32 NEW SALES RECORD IN WASHINGTON CO. https://otelmoni.com/new-sales-record-in-washington-co/ https://otelmoni.com/new-sales-record-in-washington-co/#respond Sat, 18 Sep 2021 12:48:20 +0000 https://otelmoni.com/new-sales-record-in-washington-co/

A new record was set for total sales at 153rd Washington County Fair’s Junior Cattle Auction Friday.

(Marc Whitehead)

The unofficial totals of the 260 lots in this year’s sale reached $ 922,247, breaking the 2019 record of $ 814,450. The 2020 auction total was $ 729,400.

Grand Champions and Reserve Champions sold for a total of $ 97,000, including $ 55,000 for Grand Champions and $ 42,000 for Reserve Champions. In 2020, Grand Champions and Reserve Champions sold for a total of $ 76,000, with Grand Champions selling for $ 44,750 and Reserve Champions fetching $ 31,250.

Two individual records fell at the auction, those for Grand Champion Barrows and Goats. Kannon Koehler’s Grand Champion Barrow was sold for $ 13,000 to LaRoche GM dealers, Philips Veterinary Hospital, Kieke Egg Farm, Brenham Bank, Brenham National Bank, Farm and Somerville Ranch, Batter’s Box, J&J Packing, Carmine Feed and Fertilizer, B&B Cattle, Fritsch Cattle Company, Cattleman’s Supply, Lampe Surveying, Brenham Veterinary Hospital, Holtkamp Realty Consultants, Capital Farm Credit and the Marty Spivey family.

Kenley Mikolajchak’s Grand Champion Goat was sold for $ 9,000 to Hermann Alarms, David and Wanda Hermann, Metal and More, Thielemann Construction, Pooltex American and Hermann Electric, LLC.

McKenzie Tiemann’s Grand Champion Steer sold for $ 9,500 at J&J Packing. Kendal Gurka’s Grand Champion Lamb also went to J&J Packing for $ 6,750. Kaylen Kruse’s Grand Champion Rabbits were sold to Brenham Dodge for $ 4,750, while Parker Hejl’s Grand Champion Broilers were also sold to Walcik Construction for $ 4,750. Ryan Rosenbaum’s Grand Champion Carcass Hog was sold to Washington County Tractor for $ 4,000, and Addison Schramme’s Grand Champion Turkey was sold to Citizens State Bank for $ 3,250.

For the reserve champions, the best seller was Houston Hodde’s Barrow for $ 7,750 to J&J Packing. Cassidy Fuchs Reserve Champion Steer was sold for $ 7,250 to Hodde Real Estate, Mike Hopkins Distributing and Tegeler Toyota and Chevrolet.

Emma Marth’s Reserve Champion Broilers was presented for $ 5,750 to Wellmann Insurance, Capital Farm Credit, Citizens State Bank, Appel Ford Hyundai, HEB, KTEX / KWHI, Brenham Produce, Boeker Ag Service and J&J Packing.

The Reserve Champion Carcass Hog presented by Carl Mitz sold for $ 5,500 to Monkey Wrench Garage and Schultz Cattle Company. Eli Saunders’ reserve goat was sold to J&J Packing for $ 4,750, while reserve champion Katelin Seeker Turkey went for $ 4,250 to Rob’s Fun Center, Texas Farm Credit and TG Trucking. Tanna Thiel’s Champion Reserve Lamb was sold to the Washington Animal Clinic for $ 4,000 and Emmy Kate Boyd’s Champion Reserve Rabbits were sold to Collier Construction for $ 2,750.

The fair ends today (Saturday) with the Cattle Judging Competition at 8:00 a.m., Little Wrangler Hay Hauling at 9:00 a.m., the Youth Country Creations Auction at 10:00 a.m. and the Pet Show at 10:30 a.m. The cattle judging competition prizes will be presented at 1 pm, which will also mark the start of the commercial steer auction. The sale of foals and the commercial sale of heifers will take place at 2 p.m.

The Heart of America Carnival will open at 2 p.m. and offer all-you-can-eat bracelets for $ 30. The youth hay haul and the greased pig contest will take place at 6 p.m., followed by a sheep bustin at 6:30 p.m. and other rodeo actions at 7:30 p.m.

Tonight’s entertainment includes Bubba Westly at the food court at 5 p.m., with performances at the entertainment pavilion by Rick Trevino at 9 p.m. and Clay Walker at 11 p.m.

KWHI will have live reports from the fair this morning from 9am

JUNIOR CATTLE AUCTION 2021

TOTAL SALE (OFFICIAL): $ 922,247

BIG CHAMPIONS ($ 55,000):

BARROWS – Kannon Koehler, Sandy Hill 4-H, $ 13,000 (R), LaRoche GM Dealers, Philips Veterinary Hospital, Kieke Egg Farm, Bank of Brenham, Brenham National Bank, Somerville Farm and Ranch, Batter’s Box, J&J Packing, Carmine Feed and Fertilizer, B&B Cattle, Fritsch Cattle Company, Cattleman’s Supply, Lampe Surveying, Brenham Veterinary Hospital, Holtkamp Realty Consultants, Capital Farm Credit, Marty Spivey family

BROILER CHICKENS – Parker Hejl, Salem 4-H, $ 4,750, Walcik Construction

CARCASS PIGS – Ryan Rosenbaum, Burton FFA, $ 4,000, Washington County Tractor

GOATS – Kenley Mikolajchak, Prairie Hill 4-H, $ 9,000 (R), Hermann Alarms, David and Wanda Hermann, Metal and More, Thielemann Construction, Pooltex American, Hermann Electric, LLC

LAMBS – Kendal Gurka, Prairie Hill 4-H, $ 6,750, J&J packaging

RABBITS – Kaylen Kruse, Salem 4-H, $ 4,750, Brenham Dodge

CATTLE – McKenzie Tiemann, Burton 4-H, $ 9,500, J&J packaging

TURKEY – Addison Schramme, Sandy Hill 4-H, $ 3,250, Citizens State Bank

RESERVE CHAMPIONS ($ 42,000):

BARROWS – Houston Hodde, Burton 4-H, $ 7,750, J&J packaging

CHICKENS – Emma Marth, Zionsville 4-H, $ 5,750, Wellmann Insurance, Capital Farm Credit, Citizens State Bank, Appel Ford Hyundai, HEB, KTEX / KWHI, Brenham Produce, Boeker Ag Service, J&J Packing

CARCASS PIGS – Carl Mitz, Washington 4-H, $ 5,500, Monkey Wrench garage, Schultz Cattle Company

GOATS – Eli Saunders, Burton FFA, $ 4,750, J&J packaging

LAMBS – Tanna Thiel, Burton FFA, $ 4,000, Washington Veterinary Clinic

RABBITS – Emmy Kate Boyd, Prairie Hill 4-H, $ 2,750, Collier Construction

CATTLE – Cassidy Fuchs, Burton FFA, $ 7,250, Hodde Real Estate, Mike Hopkins Distributing, Tegeler Toyota and Chevrolet

TURKEY – Katelin Seeker, Brenham FFA, $ 4,250, Rob’s Fun Center, Texas Farm Credit, TG Trucking

Click here to watch a video of the Grand and Reserve champions at the Junior Cattle Auction.

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Turkey to take further steps to help exporters (Erdoğan) https://otelmoni.com/turkey-to-take-further-steps-to-help-exporters-erdogan/ https://otelmoni.com/turkey-to-take-further-steps-to-help-exporters-erdogan/#respond Sat, 18 Sep 2021 10:14:43 +0000 https://otelmoni.com/turkey-to-take-further-steps-to-help-exporters-erdogan/ “As our businessmen produce, export and create jobs, we can all look to the …]]>
ISTANBUL

Turkey will take further steps to help the country’s exporters, including removing the security deposit requirement,
the restructuring of the Turkish Eximbank and the creation of a new exhibition center, President Recep Tayyip Erdoğan announced on September 18.

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“As our businessmen produce, export and create jobs, we can all look to the future with confidence,” Erdoğan said during the Export Champions program of the Turkish Exporters’ Assembly (TIM) in the commercial capital Istanbul. .

At the event, automaker Ford was named Turkey’s largest exporter, followed by two other automakers, Toyota Engine Manufacturing Turkey and Oyak Renault.

Erdoğan said an Export Development Fund will be established with contributions from exporters to help eliminate the need for exporters to make security deposits.

He also said that the country’s Eximbank will be restructured and strengthened.

Erdoğan added that a new exhibition center will be established soon.

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He stressed that exporting is not just about making money, and trade is not just about selling and buying goods, as exporters are Turkey’s representatives in cultural and social relations.

Turkey has reached the critical level of taking a 1% share of the global export pie, he said.

The growing share of high-tech exports in the country’s exports, the growing number of exporters with more than $ 1 billion in annual exports, and more and more jobs in exporting companies all show that Turkey is on the right track, he said.

Last year, despite the pandemic, Turkey showed a good performance, and the country is in a better position this year by reaching historic high monthly, quarterly, semi-annual and annual figures, he said.

He explained that in August, the country’s exports rose 52% year-on-year to the highest August figures in the republic’s history.

“I hope the country will also reach the export level of $ 20 billion in September,” he added.

Turkish and Serbian presidents meet in Istanbul

Turkish and Serbian presidents meet in Istanbul

Economy, Erdogan,

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Fitch maintains pessimistic outlook for Turkish inflation https://otelmoni.com/fitch-maintains-pessimistic-outlook-for-turkish-inflation/ https://otelmoni.com/fitch-maintains-pessimistic-outlook-for-turkish-inflation/#respond Sat, 18 Sep 2021 09:17:06 +0000 https://otelmoni.com/fitch-maintains-pessimistic-outlook-for-turkish-inflation/

Fitch Ratings has revised upward Turkey’s economic growth forecast for 2021 to 9.2%, according to the rating agency’s Global Economic Outlook for September, released on September 16.

The new figure is a massive upward revision from the agency’s previous update on August 13, when it revised Turkey’s growth forecast upward to 7.9%.

Fitch noted that he expects Turkey’s gross domestic product growth to slow to 3.5% in 2022, then recover to 4.5% in 2023.

The agency estimates that inflation in Turkey will rise to 17.2% this year, 13.4% next year, and then 10.5% in 2023.

“At 19.25% in August, annual inflation was well above the central bank’s target and just above the key interest rate at 19%,” the report said.

The bank faces a double pressure between the inability to control inflation and the pressure from Turkish President Recep Tayyip Erdogan’s orders to lower the interest rate.

Erdogan says any cut in the interest rate would reduce inflation and rekindle the deterioration of the Turkish lira.

Erdogan faces inflationary pressures, including that of food price inflation which has far exceeded 30 percent. He pledged to oppose the price hike.

The Turkish economy saw massive growth of 21.7% year-on-year in the second quarter. However, the opposition doubted it, given the current economic situation and the suffering of the citizens.

International rating agency Moody’s has raised Turkey’s economic growth forecast for 2021 from 5% to 6%.

In its Global Macro Outlook 2021-2022 report, Moody’s also revised Turkey’s growth forecast for 2022 from 3.5% to 3.6%.

He noted that a recovery in the tourism sector has supported the growth of the Turkish economy thanks to the ongoing global economic recovery and advances in COVID-19 vaccination.

Turkey’s foreign trade deficit widened 51.3 percent year-on-year in July to $ 4.278 billion under the general trading system, data from the Turkish Statistical Institute showed on Tuesday.

After damage to trade a year earlier in the wake of the COVID-19 pandemic, Turkey’s exports rose 10.2% and imports by 16.8% compared to July 2020, the report said. ‘institute.

In the first seven months of the year, the trade deficit narrowed 4.7% to $ 26.72 billion.


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Iranian exchange rates for September 18 https://otelmoni.com/iranian-exchange-rates-for-september-18/ https://otelmoni.com/iranian-exchange-rates-for-september-18/#respond Sat, 18 Sep 2021 07:04:16 +0000 https://otelmoni.com/iranian-exchange-rates-for-september-18/

(MENAFN – Trend News Agency) BAKOU, Azerbaijan, September 18

By Elnur Baghishov – Trend:

The Central Bank of Iran (CBI) announced the official foreign exchange rate on September 18, Trend reports referring to the CBI.

According to the Central Bank of Iran exchange rate, 8 currencies increased and 28 decreased compared to September 16.

According to CBI, $ 1 is equivalent to 42,000 Iranian rials and 1 euro is equivalent to 49,277 rials.

Cash

Iranian rial on September 18

Iranian rial on September 16

1 US dollar

USD

42,000

42,000

1 pound sterling

GBP

57,772

58,099

1 Swiss franc

CHF

45 119

45 677

1 Swedish crown

SEK

4,844

4,892

1 Norwegian crown

NOK

4 833

4 889

1 Danish krone

DKK

6 627

6,671

1 Indian rupee

INR

571

572

1 UAE dirham

DEA

11,437

11,437

1 Kuwaiti dinar

KWD

139,584

139,687

100 Pakistani rupees

PKR

25,058

24 763

100 Japanese yen

JPY

38,200

38,389

1 Hong Kong dollar

HKD

5,398

5,397

1 Omani rial

OMR

109 233

109,234

1 canadian dollar

GOUJAT

32,971

33 174

1 New Zealand dollar

NZD

29,577

29,827

1 South African Rand

ZAR

2 851

2,904

1 Turkish lira

TO TRY

4,865

4,977

1 Russian ruble

TO RUB

577

580

1 Qatari riyal

RAQ

11 539

11 539

100 Iraqi dinars

IQD

2 877

2 877

1 Syrian pound

SYP

34

34

1 Australian dollar

EUR

30,559

30,755

1 Saudi riyal

DAS

11 201

11,200

1 Bahraini dinar

BHD

111,702

111,701

1 Singapore dollar

EUR

31 156

31,306

100 Bangladeshi takas

BDT

49,303

49,340

10 Sri Lankan rupees

LKR

2 105

2 106

1 Burmese kyat

MMK

24

24

100 Nepalese rupees

NPR

35,475

35,542

1 Libyan dinar

LYD

9,294

9,295

1 Chinese yuan

CNY

6,496

6530

100 thai baths

THB

126 132

127,624

1 Malaysian ringgit

MYR

10,070

10 098

1,000 South Korean won

KRW

35,566

35 935

1 Jordanian dinar

JOD

59,239

59,238

1 euro

EUR

49,277

49,604

100 Kazakh tenge

KZT

9 873

9 853

1 Georgian lari

GEL

13,506

13,528

1000 Indonesian rupees

IDR

2,950

2 949

1 Afghan afghan

APN

526

526

1 Belarusian ruble

PARN

16,906

16 887

1 Azerbaijani manat

AZN

24 721

24 721

100 Philippine pesos

PHP

83,942

84,413

1 Tajik somoni

TJS

3,704

3,707

1 Turkmen manat

TMT

11 988

11 988

In Iran, the official exchange rate is used for the import of certain essential products.

The SANA system is a system introduced by the Central Bank of Iran in exchange offices, where the price of 1 euro is 312,457 rials and the price of $ 1 is 266,315 rials.

NIMA is a system for the sale of a certain percentage of foreign exchange earned on export.

The price of 1 euro in this system is 273,150 rials, and the price of $ 1 is 232,812 rials.

On the black market, $ 1 is worth around 270,000 to 273,000 rials, while one euro is worth around 319,000 to 322,000 rials.

Follow the author on Twitter: @BaghishovElnur

MENAFN18092021000187011040ID1102818051

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Turkey creates research platform to develop digital currency https://otelmoni.com/turkey-creates-research-platform-to-develop-digital-currency/ https://otelmoni.com/turkey-creates-research-platform-to-develop-digital-currency/#respond Sat, 18 Sep 2021 05:31:00 +0000 https://otelmoni.com/turkey-creates-research-platform-to-develop-digital-currency/ NEW DELHI: The Central Bank of the Republic of Turkey (CBRT) announced on September 15 that it had formed the Digital Turkish Lira Collaboration platform in partnership with tech players, reports Bitcoin.com.
The goal behind this is to create a digital version of the national currency Lire. Separate agreements were signed with two defense and technology companies for the same
The collaboration platform will enable Turkey to facilitate the research and development of a digital read. The country will now move from the “Proof of Concept” phase to the next stage of the project. The results of the first phase of the pilot project will be announced in 2022.
According to a press release issued by the Central Bank, the collaboration will work on its next phase in the following direction:
* In the first part of the new phase, CBRT plans to develop a prototype Turkish Lira digital network and conduct limited closed-loop testing with the help of technology players.
* Based on the results of the aforementioned new phase, “CBRT will unveil the advanced phases of the pilot study reflecting wider participation. ”
* The bank added that to diversify the coverage of the digital Lira project, CBRT plans to experiment in these areas: implementation of blockchain technology, development of payment systems based on distributed ledgers and integration with instant payment systems. .
* Once the participants of the Digital Turkish Lira Collaboration platform complete their assessment, the government will decide on the way forward for the development of digital reading.
(For the latest crypto news, investment tips, and real-time price updates, follow our Cryptocurrency Page.) Source link

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Turkish banking supervisory body to end grace period for classification of loans https://otelmoni.com/turkish-banking-supervisory-body-to-end-grace-period-for-classification-of-loans/ https://otelmoni.com/turkish-banking-supervisory-body-to-end-grace-period-for-classification-of-loans/#respond Fri, 17 Sep 2021 18:00:00 +0000 https://otelmoni.com/turkish-banking-supervisory-body-to-end-grace-period-for-classification-of-loans/

Turkey’s banking watchdog said on Friday that it would not extend the grace period on classifying distressed loans beyond September 30, ending a regulation passed at the start of the COVID-19 pandemic.

The Banking Regulatory and Supervisory Agency (BDDK) adopted the rule whereby banks delay transferring phase 2 and other soured loans into the non-performing loan (NPL) category in early 2020, to help businesses struggling with cash flow.

Turkey’s non-performing loan ratio fell to 3.7% at the end of July, from 5.36% at the end of 2019, due to the forbearance measure on loan classification and an increase in cheap credit for stimulate economic recovery.

A source familiar with the matter told Reuters before the decision was announced that the BDDK had met with banks, who said they did not want the measure extended.

“The banks (did not) have a request for another extension of the period. The general tendency of the banks and the BDDK (was) that the NPL periods were not extended, ”the person said, on condition of anonymity due to the sensitivity of the matter.

Bad loans have weighed on the financial sector since speculative exchange rate volatilities in 2018 exposed the vulnerabilities of Turkish energy and construction companies after years of tapping into cheap foreign credit.

Proposals to address the bad debt problem, including transferring loans to a segregated fund and setting up an asset management company, have failed in recent years.

Filippo Alloatti, head of financial services at Federated Hermes, said ending the forbearance would not automatically translate into higher NPL ratios.

“Monetary policy going forward will play a role, (especially) if (the Turkish central bank) embarks on an easing cycle,” he added.

The Central Bank of the Republic of Turkey (CBRT) is expected to keep its one-week repo rate unchanged at 19% next week, according to a Reuters poll, even as the possibility of short-term monetary easing has increased after the decision of Governor Şahap Kavcıoğlu Recent comments.

On the other hand, the Institute of International Finance (IIF) said this week that it expects monetary easing to start as early as next week with a 50 basis point cut.

In a separate development on Friday, the BDDK said it was limiting the maximum period of consumer loans over 50,000 TL ($ 5,820) to 24 months instead of 36 months, in a move to curb demand. of loans.

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FM Çavuşoğlu meets UN chief ahead of high-level week https://otelmoni.com/fm-cavusoglu-meets-un-chief-ahead-of-high-level-week/ https://otelmoni.com/fm-cavusoglu-meets-un-chief-ahead-of-high-level-week/#respond Fri, 17 Sep 2021 17:43:05 +0000 https://otelmoni.com/fm-cavusoglu-meets-un-chief-ahead-of-high-level-week/ Çavuşoğlu said his meeting with the UN chief focused on a number of regional and international issues, including Cyprus, Afghanistan, Libya, Syria and …]]>
ANKARA

Senior Turkish diplomat Mevlüt Çavuşoğlu met with UN Secretary-General Antonio Guterres on September 17 as the international body prepares to welcome leaders from around the world next week.

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Çavuşoğlu said his meeting with the UN chief focused on a number of regional and international issues, including Cyprus, Afghanistan, Libya, Syria and climate change.

He did not provide further details in his brief tweet, but said in subsequent messages that he also spoke with the recently seated President of the United Nations General Assembly Abdulla Shahid. The former Maldivian foreign minister succeeded Turkish diplomat Volkan Bozkır as head of the General Assembly earlier this month.

“Will continue to support the work of @UN,” Çavuşoğlu said.

Çavuşoğlu also met Sri Lankan Foreign Minister Gamini Lakshman Peiris, and said on Twitter, “Despite the geographic distance, we are fully determined to develop our relationship.”

Turkish and French foreign ministers discuss Afghanistan

Meanwhile, Çavuşoğlu spoke on the phone with his French counterpart and discussed developments in Afghanistan, according to a Turkish diplomatic source on Friday.

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Çavuşoğlu and Jean-Yves Le Drian also discussed bilateral relations and other regional issues, the source said.

Turkey, Diplomacy, France, Politics,

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Central Bank of Turkey to test digital pound on new platform https://otelmoni.com/central-bank-of-turkey-to-test-digital-pound-on-new-platform/ https://otelmoni.com/central-bank-of-turkey-to-test-digital-pound-on-new-platform/#respond Fri, 17 Sep 2021 11:55:35 +0000 https://otelmoni.com/central-bank-of-turkey-to-test-digital-pound-on-new-platform/

The Monetary Authority will work with technology players to establish the “Digital Turkish Lira Collaboration Platform” to facilitate the research and development of a CBDC.

Turkey’s central bank has set up a new platform to expand research on the potential benefits of introducing a digital version of the Turkish lira.

The digital book project, which started with the completion of the proof-of-concept phase, is now moving to the next stage with the participation of technology players.

On Wednesday, the Central Bank of the Republic of Turkey (CBRT) said it has reached agreements with defense and technology companies Aselsan, Havelsan and the Scientific and Technological Research Council of Turkey (TUBITAK) to cooperate for research and development of digital currency.

The CBRT said it “continues to research the potential benefits of introducing a digital Turkish lira to complement the existing payment infrastructure.”

For the first phase, the bank will create a prototype “digital Turkish lira network” and carry out limited closed-loop testing with the help of its new technology partners.

“Based on the results of these tests, the CBRT will unveil the advanced phases of the pilot study which will reflect wider participation,” said the regulator.

“The CBRT also plans to carry out tests that could diversify the coverage of the Digital Turkish Lira R&D project in areas such as blockchain technology, the use of distributed ledgers in payment systems and integration with payment systems. instantaneous.

The monetary authority said the results of the first phase will be announced in 2022 once the tests are completed.

“Once the capacity measurements of the various technological alternatives are completed and the architectural configurations finalized, it will be decided whether the existing technologies can meet the economic, legal and financial requirements of the digital Turkish lira. “

The rise of CBDCs

CBDCs are the digital form of fiat money, giving holders a direct right to the central bank and enabling them to make instant electronic payments. CBDCs differ from digital currency like cryptocurrencies, which are private and decentralized.

With the growing popularity of Bitcoin and the distributed ledger (DLT) technology that underpins cryptocurrencies, central banks around the world have been studying the concept and design of digital currencies for several years.

Turkey revealed its intention to explore a central bank digital currency (CBDC) in 2019, after being mentioned in President Recep Tayyip Erdogan’s annual presidential program.

According to the Bank for International Settlements (BIS), 80% of central banks around the world are embarking on CBDC research, experimentation or development, and 40% are already testing pilot programs.

Testing of the digital yuan in China is currently at the most advanced stage of any CBDC project to date. The United States announced a series of pilot programs led by the private sector in May, while India and Nigeria announced in July their intention to launch pilots in the near future.

Source: TRT World

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Thanksgiving turkey shopping has already started – for supermarkets https://otelmoni.com/thanksgiving-turkey-shopping-has-already-started-for-supermarkets/ https://otelmoni.com/thanksgiving-turkey-shopping-has-already-started-for-supermarkets/#respond Fri, 17 Sep 2021 08:14:08 +0000 https://otelmoni.com/thanksgiving-turkey-shopping-has-already-started-for-supermarkets/

Tops and other U.S. supermarket operators began buying turkeys, spices, and cranberry sauce earlier this year, in a bid to avoid shortages that left some shelves empty in 2020. The chains grocery store are grappling with supply chain challenges heading into what is typically their busiest time of year, and some executives have said they are preparing for consumers to hold larger gatherings than ‘they only did so at the end of last year, although it is becoming less clear how people will spend their vacations as the Delta variant increases cases of Covid-19.

“We locked the turkeys in the second, third week of February,” said Culhane, senior vice president of merchandising for Tops.

Supermarket executives have said they’ve gotten plenty of holiday staples after ordering more stuff like stuffings and sauces from a wider range of brands than usual, and many are trying to get them. items faster so they can be placed in their warehouses. They say they are buying merchandise earlier to make sure they get as much product as possible from suppliers before the holidays.

Still, food industry officials have warned consumers may not find all the brands, flavors, or sizes of food they want for Thanksgiving and Christmas meals. Consumers may also see their holiday shopping bills higher, as retailers pass on increases in transportation, labor and commodity costs, they said.

Wider supply chain challenges persist for retailers due to labor and raw material shortages. A range of products, including bottled drinks and snacks, is running out as logistical challenges escalate for the food industry. Companies are short of truck drivers and factory workers as goods continue to be delayed at ports. Supermarkets sometimes receive as little as 40% of what they order compared to the days before the pandemic when they were well over 90%, executives said.

Tops, based in New York, said it began planning for this year’s holiday season as early as late last year, placing advance orders for items that had proven difficult to keep in stock. . The company bought holiday staples such as gravy, cranberry sauce, and nutmeg and cinnamon spices, in addition to red and green nuggets for treats. It has housed frozen turkey and other items in its warehouses since early summer.

Some chains say their canned pumpkin products have been delayed and plan to sell more store-branded versions if needed.

Grocery delivery provider Fresh Direct LLC started ordering turkey in February, about a month earlier than usual, said Scott Crawford, its director of merchandising, adding that the company had ordered 2-3% more to make sure she had enough. Fresh Direct, owned by Koninklijke Ahold Delhaize NV, also brings in other holiday items earlier, including sugar, flour and other ingredients for the ready meals it sells.

“It’s a bad reason to lose a customer because you don’t have cranberries,” Crawford said.

Retailers said they have enough warehouse space to store holiday items, but it’s expensive to prepare earlier, in part because product prices can drop later in the year. . Many chains pay extra to secure more trucks.

SpartanNash Co. is spending more on wages and transportation to lock in the workforce needed to keep its inventory of merchandise in circulation, said Dave Petko, its supply chain manager. The Midwestern food retailer and distributor, which has started planning for this year’s holiday season in 53 weeks, is estimating how much stock it will need based on levels of Covid-19 cases.

Some said they would rather spend more than risk empty shelves.

“We wanted to make sure we weren’t left behind,” said Steve Smith, general manager of Food City stores in the southern United States. Food City received and started selling Halloween candy in August from the typical October starting point, he said. .

Food vendors forecast and adjust demand based on sales volume. Some said they feared they had underestimated consumer demand: Grocery sales have been stronger this year than many retailers expected, even though pandemic-related restrictions on meals at the restaurant have receded.

Some items, such as canned tomato products, have already sold out in recent weeks, executives said. They added that they still don’t know how complete or on-time their shipments will be from manufacturers, and that there isn’t much they can do when they only receive a portion of this. that they bought.

“We’re taking more because we know there are going to be shortages,” in part because of demand, said Gus Lebiak, president of distributor Krasdale Foods Inc.

Consumers themselves can shop for vacation get-togethers earlier, some executives said, to avoid the last-minute stress of finding commodities. In stores, industry officials said, shoppers won’t find empty shelves, but may find fewer varieties of items.

“It might not be the label they’ve used for the past 20 years,” Tops’s Mr. Culhane said.

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US Treasury targets Al Qaeda’s financial network in Turkey https://otelmoni.com/us-treasury-targets-al-qaedas-financial-network-in-turkey/ https://otelmoni.com/us-treasury-targets-al-qaedas-financial-network-in-turkey/#respond Fri, 17 Sep 2021 07:17:00 +0000 https://otelmoni.com/us-treasury-targets-al-qaedas-financial-network-in-turkey/

The US Treasury on Thursday sanctioned five people it said were part of an Al Qaeda financial network in Turkey.

The three Turkish and two Egyptian citizens had “provided a range of financial and travel facilitation services” to the terrorist organization, the US Treasury said.

Among them, Majdi Salim, of Egyptian origin, described by American officials as “one of the main facilitators of a series of al-Qaeda activities in Turkey, notably as a financial smuggler within the al network. -Qaida ”.

His compatriot, Muhammad Nasr al-Din al-Ghazlani, supported the group with money transfers, “including providing money to the families of jailed Al Qaeda members,” according to the US Treasury.

Meanwhile, Turkish citizen Nurettin Muslihan is accused of having been in contact with senior al Qaeda leaders in Syria, seeking to communicate directly with the now deceased leader Abdullah Muhammad Rajab Abd al-Rahman, also known under the name of Abu Khayr al-Masri.

The US Treasury said Muslihan was supported by his Turkish compatriot Cebrail Güzel “to facilitate the network’s relations” with al-Rahman.

A third Turkish national, Sonar Gürleyen, has been identified as an “al-Qaeda extremist and financial facilitator”. He is accused of having “provided assistance to another violent extremist of Al-Qaeda in preparing the latter’s trip.”

“These targeted sanctions demonstrate the United States’ unwavering commitment to sever its financial support for al-Qaeda,” said Andrea M. Gacki, director of the US Bureau of Foreign Assets Control. “We will continue to work with our foreign partners, including Turkey, to expose and disrupt Al Qaeda’s financial support networks. ”

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