Turkey: Oilseeds and Products Update

Commodities

Turkish soybean area and production for MY 2016 are now estimated about 33,000 hectares and 120,000 MT, respectively. The recent production bonus increase is expected to have positive effects on second crop soy planting. Turkey imported 1.36MMT soy in during the first eight months of MY 2015/16, of which the United States supplied 397,000 MT. Turkey also imported a total of 332,000 MT soymeal during the first seven months of MY 2015/16, of which 70,000 MT were U.S. soymeal.

Turkey: Oilseeds and Products Update