Turkiye: Oilseeds and Products Update

MY 2023/24 sunflowerseed production is forecast at 1.6 million metric tons (MMT), which is down nearly 20 percent year-over-year because of drought-related losses in Thrace, Turkey’s leading sunflower producing region. An increase in imported sunflowerseed, a large share of which will likely come from Ukraine, is expected to offset the gap in production. Meantime, owing to large carryover stocks, sun oil imports are expected to fall below last year’s record to 1.2 MMT. Since the war started, imports of sun oil from Ukraine have surged, accounting for nearly 70 percent of Turkey’s sun oil imports in MY 2022/23 (Sep-Jul). A large share of the oil is refined and re-exported or transshipped.