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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.
Post forecasts MY 2017/18 olive oil production and exports at 240,000 MT and 180,000 MT, respectively, reflecting improved weather conditions in comparison to 2016/17.