Turkey Milk Companies Gain on Erdogan Pledge to School Children

Turkish dairy producers Pinar Sut Mamulleri Sanayii AS (PNSUT) and Yaprak Sut & Besi Ciftlikleri Sanayi & Ticaret AS (YAPRK) advanced after Prime Minister Recep Tayyip Erdogan pledged to distribute milk to school children.

Pinar gained 1.9 percent to 19.30 liras, its highest in two weeks, while Yaprak added 1.4 percent to 4.30 liras, its highest in a month.

Erdogan said in a speech in parliament in Ankara today that the government would begin distributing free milk to students up to the fifth grade.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.