Turkey: Grain and Feed Annual
Post forecasts 18 MMT of wheat production and a planting area of 7.82 million ha in MY 2017/18. Post forecasts corn planting area at 550,000 ha and production at 5.5 MMT for MY 2017/18. Wheat flour exports are anticipated to decrease for the upcoming marketing year if the country restriction on importing in scope of the Inward Processing Regime (IPR) remains in place. According to the new budget, the government of Turkey (GOT) plans to grant 12.8 billion TL ($3.5 billion) in agricultural subsidies to producers in 2017, up 10.2 percent compared to 2016.
