Turkey introduces new corn import quota
Turkey has implemented an additional import quota of 1 million tons of corn with a reduced import duty of 5%, valid until June 30, 2025. At the same time, new regulations limit shipment volumes: importers can bring in no more than 8,000 tons per transaction, after which they must wait seven days before submitting the next application. This measure is aimed at controlling the pace of imports, according to Turkish traders.
Before the official introduction of the quota, local importers actively built up corn stocks to take advantage of the reduced tariffs, as the quota operates on a “first come, first served” basis. Market sources reported that storage facilities in Turkey are already nearly full of imported grain, and demand during this time of year is unusually high. It is expected that after the quota is enforced, traders will compete for better prices to sell off accumulated stocks.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
SPRING CROPS DATA UPDATED! Ukraine 2025 Crop & Sown Area Forecast
Farmers have already sown 76% of the projected area of spring grain and pulses c...
Ukrainian corn is losing price competitiveness
Brazil to increase soybean area for 2025/26 crop by almost 500 thsd ha
India’s Olive Oil Market Shows Growth Potential Despite Challenges
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon