Turkey: Oilseeds and Products Update

Commodities

Turkish soybean area and production for MY 2018/19 are now estimated at about 26,000 hectares and 95,000 MT, respectively. In the Cukurova region, which is the main soybean planting region, increase in cotton planting in recent years had an adverse effect on soybean planting. Reduction in domestic production and an increase in consumption continue to make Turkey one of the leading importers in the world for soybeans and soybean meal. Accordingly, Turkey imported 1.6MMT of soybeans during the first eight months of MY 2017/18. Ukraine and the United States were the leading suppliers with 520,000 MT and 410,000 MT respectively. Turkey also imported 380,000 MT of soybean meal during the first seven months of the marketing year, of which 330,000 MT was from Argentina.

Turkey: Oilseeds and Products Update