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Turkish cotton area and production are forecast to increase about 15 percent in Marketing Year (MY) 2017/18, as good returns and government support encourage production.
The seed sector in Turkey has grown rapidly since the new seed law entered into force in 2006. Certified seed production has increased about threefold in last ten years....
Turkey reduced the import tariff on chickpeas from 19.3 percent to zero percent until July 1, 2017 due high domestic prices.
Turkey’s MY 2016/17 oilseed production is estimated to be about 2.45 MMT. Total production is projected to go up about eleven percent to reach 2.71 MMT in MY 2017/18.
On January 1, 2017, the Government of Turkey (GOT) announced increases to special consumption taxes for all alcoholic beverages except wine.
MinFAL plans to grant 11.6 billion TL ($3.87billion) in agricultural subsidies to producers in 2016.
Total wheat production for Turkey is forecast at 17.5 MMT in MY2016/17. Barley production in Turkey is forecast at 4.75 MMT in MY2016/17, down 35 percent from the MY2015/16 estimate.
Turkish soybean area and production for MY 2016 are now estimated about 33,000 hectares and 120,000 MT, respectively.