Turkey: Grain and Feed Update
In an effort to tackle food price inflation, Turkey has implemented temporary tariff reductions on rice. Tariffs ranging between 34-45 percent (depending on the product) were reduced to between 5-15 percent. The reductions are in place until July, sparking increased interest in imports. Barley tariffs have been temporarily eliminated until April, and some tariffs on pulses are zero until June. The marketing year (MY) 2017/18 wheat production forecast overall is up despite drought in some regions, and corn production is slightly down. Barley production is lower than expected so imports will increase. Turkey’s wheat products exports are on target for another record in MY 2017/18.
