Browse Data and Analysis

MY 2023/24 sunflowerseed production is forecast at 1.6 million metric tons (MMT), which is down nearly 20 percent year-over-year because of drought-related losses in Thrace, Turkey’s leading sunflower producing region.

Since the beginning of 2023, the Turkish Lira (TL) has weakened by around 20 percent against the U.S. dollar. Despite the economic turmoil, demand for chicken meat is relatively stable, even with expected increased poultry market prices in correlation with increasing inflation.

The “off-year” for production will push Turkiye’s pistachio production lower in Marketing Year (MY) 2023/24. The production of almonds and walnuts is forecast slightly higher but hazelnut production is expected to go down.

Türkiye’s cattle inventories are forecast to contract in 2024 for the fourth straight year as farmers continue marketing their underweight animals ahead of schedule to minimize losses from rising input costs, especially feed.

The MY 2018/19 Turkish cotton crop now estimated at 550,000 hectares and 920,000 MT (4.2 million bales).

The total cherry production forecast in Turkey in Marketing Year (MY) 2018/19 is 590,000 metric tons (MT), which is 70,000 MT more than the MY 2017/18 estimate.

Turkey reduced the import tariff on Brans under HS code 2302 from 5 percent to 0 percent according to a governmental decree.

Raisin production forecast in Turkey in MY 2018/19 is 295,000 MT, down slightly from MY 2017/18 due to quality issues from heavy rains during the late spring and summer in the Aegean region.