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Turkey recently announced that the tariff on imported sunflowerseed would increase from zero to 5 percent from October 27 through the end of 2022. This revision coincides with Turkey’s sunflowerseed harvest.
Owing to improved weather conditions, grain production in Turkey in marketing year (MY) 2022/23 is projected to increase year-over-year to 17.3 million metric tons (MMT). Wheat, barley, corn, and rice production are individually projected higher from last year which was hit by intense dry weather.
Turkey’s HRI sector, which continues to recover from the effects of the COVID-19 pandemic, is now grappling with rising inflation and economic uncertainty. Persistent inflation has eroded consumers’ buying power, causing them to switch to cheaper dining-out options, such as fast food and street stalls.
With favorable weather conditions and an expansion in the area harvested, Turkey’s sunflowerseed production is forecast to hit a record of 1.9 million metric tons (MMT) in marketing year (MY) 2022/23. Production of sunflower meal and oil are likewise projected at record highs.
Good weather conditions and an “on-year” for production will push Turkey's pistachio production higher in MY 2022/23. The production of almonds and hazelnuts is likewise forecast higher, while walnut production is expected to remain steady.
In 2020/21, total citrus production in Turkey will decrease due to hot weather conditions in May 2020 during the blooming season.
Turkey published its Biosafety Law and implementing regulations in 2010. This legislation has continued to disrupt trade and Turkey’s domestic agriculture and food sectors.
Turkey’s cotton production is now estimated at 625,000 MT (2.87 million bales) on 350,000 hectares in marketing year (MY) 2020/21.
Turkey announced additional tariff reductions on lentils and eliminated tariffs on sunflower seed. According to a Presidential Decree published in the Official Gazette on November 5, 2020...
In marketing year (MY) 2020/21, Turkey’s total apple crop is expected to increase to 4.3 million metric tons (MMT) and the pear crop to 550,000 MT, according to the Turkish Statistics Institute.
Decree published in the Official Gazette, import tariffs on wheat, barley, and corn are reduced to zero, from 45, 35, and 25 percent, respectively.
The number of tourists entering the country continued to increase but the real value of tourist receipts decreased in 2019.