Turkey allows duty-free wheat imports, but with one condition

The Turkish government has allowed duty-free imports of wheat, but only for the production of flour for export, international news agencies reported, citing an official note from the state-run Turkish Grain Board (TMO) to the Turkish Milling Federation. The aim is to fully meet the needs of the milling industry, according to authorities in our southern neighbor. However, analysts do not fail to point out that Turkey will try to restore its positions in the global flour market, where it has been the leader for the past 9 years, which have weakened significantly since the introduction of wheat import restrictions in June 2024. At that time, the country's Ministry of Agriculture announced that it was suspending wheat imports from June 21 to October 15 under the plausible pretext of protecting local farmers, who would not suffer from the drop in prices when the new crop was released on the market and would be able to sell it at a higher price. In October, however, the ban was not ...