Turkey used the corn import quota a month earlier
As of early December, Turkey has fully utilized its 1 million tons of corn import quota.
This quota with 5% import tax was valid from October 10 to December 31, 2024.
According to Salih Karagoz, agricultural advisor at ASAP and broker at Atria Brokers, demand in Turkey for imported corn remains weak as buyers are hesitant to pay higher prices.
“The import volumes exceeding the mentioned quota of 1 mln tons are subject to the duty of 130%,” the expert said.
As of December 2, the price of corn on the domestic market on the Konya Commodity Exchange was 239.4 USD/t.
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
UkrAgroConsult Advises on In-House Power Generation Projects
SEA expects India’s edible oil imports to increase in 2026
Large harvests do not guarantee a global grain surplus — Karen Braun
Port attacks may accelerate the shift of edible oil and meal exports to Ukraine...
Russia prepares to import diesel to save its harvest
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon