The decreasing demand of the farmer caused sales of fertilizer companies to drop and write losses. GÜBRETAŞ, a subsidiary of the farmer, lost 329 million liras in 2018.
Because fertilizer prices increased extremely, the farmer could not use the manure. Decrease in fertilizer usage of the farmer also negatively affected the sales of fertilizer companies. At the beginning of the negatively affected fertilizer companies, GÜBRETAŞ, a farmers subsidiary, arrived. GÜBRETAŞ's fertilizer sales decreased by 14 percent in 2018 compared to the previous year. Having made a profit of 31 million TL in 2017, GÜBRETAŞ closed the last year with a total loss of 329 million pounds. Despite the bad year of 2018, the attendance fees of GÜBRETAŞ Board of Directors members have been increased by 80-88 percent.
Fahrettin Poyraz, who is the chairman of the board of directors of GÜBRETAŞ, paid a monthly attendance fee from 5 thousand liras to 9 thousand liras and the attendance fees of the other board members were increased from 4 thousand liras to 7 thousand 500 liras.
While the attendance fees of the members of the Board of Directors are increased by 20-25 percent each year, the company is increased from 80 percent to 88 percent in a period of high loss; "Are you escaping from the fire?" he criticized.
In the General Assembly of GÜBRETAŞ held on May 2, the Board of Directors was elected as a Board Member; General Director of Agricultural Credit Cooperatives Fahrettin Poyraz, Deputy General Manager of Agricultural Credit Cooperatives Ahmet Bağcı, Former Chairman of Agricultural Credit Cooperatives and Member of AKP Inegöl Municipality Council Selahattin Külcü, General Manager of GÜBRETAŞ İbrahim Yumaklı, AKP Former Member of Parliament and Former Province President Mehmet Tunçak Agricultural Credit Cooperatives Deputy General Manager Mehmet Okan Ateş.
For GÜBRETAŞ, 2018 was not a good year for other fertilizer companies. Due to the extreme increase in fertilizer prices, the farmer has become unable to use the manure. Decrease in fertilizer usage of the farmer also negatively affected the sales of fertilizer companies. GÜBRETAŞ came at the beginning of the negative fertilizer companies. GÜBRETAŞ's fertilizer sales decreased by 14 percent in 2018 compared to the previous year. GÜBRETAŞ bill of economic crisis was heavy. Having made a profit of 31 million TL in 2017, GÜBRETAŞ closed the last year with a total loss of 329 million pounds. While 2018 is not a good year for GÜBRETAŞ, both the farmer and its subsidiary, it has been criticized by the fact that the attendance fees of the board members of GÜBRETAŞ have been increased by up to 100 percent in a way never seen before.
PRODUCTION AND SALES
While GÜBRETAŞ has realized a significant portion of its sales through its Agricultural Credit Cooperatives, its fertilizer production and fertilizer sales decreased in 2018 due to the crisis. In 2018, GÜBRETAŞ produced a total of 670,130 tons of solid fertilizers, including 515,880 tons of compound, 91,810 tons of nitrogen and 62,440 tons of phosphate fertilizers, while solid fertilizer production decreased by 1,92 percent compared to 2017, while liquid and powder fertilizer production fell by 5.35 percent.