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Pet food demand in Türkiye continues to rocket higher as pet ownership, especially for dogs and cats expands. Sales of dog and cat food soared to $127 million in 2022 and are set to more than double to $300 million by the end of 2027. About two...
Wheat, corn, and barley production in MY 2023/24 are forecast at or near record levels due to favorable weather during much of the growing season. Consequently, import demand for these three grains is projected lower year-to-year. Similarly, rice...
On January 27, 2022, the Turkish government published a regulation (2022/1) that granted the Turkish Ministry of Agriculture and Forestry (MinAF) the authority to restrict the export of twenty (20) agricultural products in order to decrease domestic food inflation.
On January 7, 2022, the Turkish Government published Biosafety Decisions on the import of genetically engineered (GE) soybean and corn events. The Ministry of Agriculture and Forestry (MinAF) approved one new soybean event and one new corn event for feed and cancelled the approvals of two corn events which expired on 12/24/2021.
On January 3, 2022, Turkey announced the domestic producer price index (PPI) inflation in the second half of 2021 was 47.39 percent, therefore triggering an automatic increase in the fixed-amount Special Consumption Tax (SCT) for alcohol beverages, soft drinks, fruit juice, and tobacco products.
On December 31, 2021, Turkey announced a revised tariff list for a number of products. According to a Presidential Decree published in the Official Gazette, the import tariffs on wheat, corn, rye, barley, oats, chickpeas, and lentils, has been eliminated through December 31, 2022.