Turkey to allow imports of 1 mln tons of corn with reduced duty

Turkey will allow imports of 1 million tons of corn by the end of the year with a duty of 5%, the Turkish Trade Ministry announced on October 10.

In a statement, the ministry announced that the import quota was granted to balance corn supply and demand, as domestic production is insufficient to meet domestic consumption. The current duty of 130% will be imposed once corn imports exceed 1 million tons.

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Tags: corn, Turkey, imports