Bashan Tarimsal Urunleri A.S.
Turkey – Supporting access to food security and nutrition
USD trade facility to support procurement of pulses, grains and seed oils for the UN Food Program, World Food Program and to emerging markets
The Client
- Bashan Tarimsal Urunleri A.S. (“Bashan”) is one of the leading global companies in producing, processing and trading pulses, grains and oil seeds
- Bashan’s key products include lentils, chickpeas, beans, peas, black beans, red beans, corn and all its pulses
- Bashan manufactures 500,000 tons of legumes and grains and 365,000 tons of animal feed annually
- The company supports food security domestically in Turkey as well as exports to over 85 countries in EU, Middle East and Africa
- Bashan has secured international aid tenders to Syria and Iraq from organizations such as United Nations, Red Cross, and EU countries
- Bashan has been a supplier for the United Nations for 17 years
The Transaction
- USD short term facility
- Use of proceeds: to support export of soft commodity exports under UN Food Program
The Impact
Food security:
- Support the exportation of soft commodity either under the UN World Food Programme (WFP), where the buyer is WFP or to emerging markets
- 70% of the facility, at a minimum, are procured by not-for-profit organisations and distributed as food aid