Assessing Profitability Allocation under Inflation between Food Producers and Retailers

Özet

Türkiye’s sharp rise in food prices between 2019 and 2025 brought a familiar question to the centre of public debate: who along the value chain was actually retaining the gains? Large retailers were widely assumed to have fared better than producers. It draws on a balanced panel of 203 firm-year observations for 24 producers and five retail/wholesale firms listed on Borsa İstanbul, constructed from the original, unadjusted current-period figures in the initial consolidated annual financial statements disclosed on KAP for each fiscal year. Firm and year fixed-effects models trace how…

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