Turkey has set a quota for duty-free imports of 500 thsd tons of corn
Turkish President Recep Tayyip Erdogan has signed a decree introducing a quota for duty-free imports of 500,000 tons of corn from July 14 to 31, 2025.
The duty on corn imports outside the quota is 130%. In addition, Turkish importers have the right to import corn without paying duty if the products of its processing are then exported.
In August, Turkey will begin harvesting its own corn crop. According to forecasts by the US Department of Agriculture, it will amount to 7.8 million tons (7.1 million tons last season). The US Department of Agriculture estimates the need for corn imports at 2.8 (4.7) million tons.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
Global wheat prices are falling due to trade uncertainty
Black Sea Grains and Oilseeds: Export Flows and the Future Potential. Outlook for ...
EU soybean meal imports will reach record levels in MY 2024/25
US investors revive Ukrainian grain terminal Olympex
USDA makes some significant changes to its U.S. soybean oil demand forecasts ̵...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon