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Uncertainty of government corn policies and price support mechanisms contributed to decreased production with farmers retiring or shifting to more profitable crops.
Turkish cotton planting and production for Marketing Year (MY) 2020/21 is projected to be about 480,000 hectares and 760,000 metric tons (MT) (3.5 million bales).
The number of cattle in Turkey is estimated to grow 1.2 percent in 2020 to 18.1 million animals due to favorable government subsidies and continuing feeder cattle imports albeit at a lower volume.
Turkey’s total production of oilseeds in Marketing Year (MY) 2020/21 is projected to decrease about five percent compared to MY 2019/20, totaling 3.04 million metric tons (MMT).
Ecuador extended its tariff exemption for soybean meal and wheat imports from all origins for five years, effective January 1, 2020.