Turkey: Published in the Official Gazette, sunflower, corn and soybean tariffs are zeroed by the end of the year

Published 2022년 6월 27일

Tridge summary

In response to the significant price increase of sunflower oil caused by the ongoing conflict between Russia and Ukraine, and the stocking issues, the Turkish President has announced a temporary adjustment in the customs duty rates on the imports of various seeds and oils, including sunflower, safflower, canola, raw sunflower, canola, safflower, corn, soybean, and palm oils, until the end of the year. This decision aims to ensure the availability and stability of prices for basic foods.

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Original content

A new decision has been taken for sunflower oil, which has recently been increased by more than 50 percent due to both stocking and the war between Russia and Ukraine. According to the decision published in the Official Gazette with the signature of President Erdoğan, the customs duty rates applied on the imports of oil sunflower, safflower and canola seeds as well as raw sunflower, canola, safflower, corn, soybean and palm oils were temporarily reset until the end of this year. Customs duty rates applied on imports of oilseed sunflower, safflower and canola seeds as well as raw sunflower, canola, safflower, corn, soybean and palm oils were temporarily reset until the end of this year. The Presidential Decision on the subject was ...

Source: Gidatarim