Turkey: Amendment to Turkey's Import Policies will Impact 2016 Corn Trade

  |   Attaché Report (GAIN)

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Office of Agricultural Affairs, Ankara   |   (011-90-312) 468-6129

After a record harvest last year in Turkey, grain stocks are full. Typically exporters were able to purchase corn as input through tax free imports under Turkey’s Inward Processing Regime policy (IPR), but now will be unable to do so and will need to buy corn directly from the Turkish Grain Board’s stocks if they want to access a lower price than the domestic market. Effectively, because it is estimated that the vast majority of corn imports are done under the inward processing regime, corn imports to Turkey are expected to seriously slow until this policy expires in November 2016. 

Turkey: Amendment to Turkey's Import Policies will Impact 2016 Corn Trade

Exporting
Europe and Eurasia, Turkey
Grains, Feeds and Fodders, Corn

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