Turkey has returned the duty on the import of sunflower and unrefined oil

The government of Turkey has decided to return the duty on the import of sunflower to the level of 27% from June 1, and for unrefined sunflower oil to 36%, the electronic publication APK-Inform reported, citing its sources among market participants. The government believes that the measure will make it possible to protect local farmers from cheap imports in the period before the new sunflower crop is harvested. Tariffs on sunflower imports and the oil they produce were lifted in early January to curb Turkey's high rate of inflation despite a record crop of 1.9 million tonnes harvested last year. Before the introduction of zero rates, the import duty on oilseeds was 5% and on unrefined sunflower oil - 10% at a reference price of US$2,500 per ton, which is no ...