Turkiye: Grain and Feed Update

In marketing year (MY) 2024/25, Turkiye’s wheat, barley, and corn production is forecast to contract year-over-year due to drier-than-normal weather conditions during the growing season. Despite this contraction, Turkiye continues to hold large carryover stocks of wheat and barley from last year. The Turkish government has taken different steps to drawdown these surplus inventories. In addition, to conserve water in increasingly dry growing conditions, the government recently instituted a program to incentivize farmers to grow crops that are less water intensive in regions where water is in short supply.