Türkiye to suspend wheat imports

게시됨 2024년 6월 7일

Tridge 요약

Turkey is banning wheat imports from June 21 to October 15, 2024, to protect domestic producers during the harvest period. This decision, which may be revised, could impact Russian farmers as Turkey has been a significant buyer of their wheat, with supplies decreasing by 23% this season. The Turkish Grain Agency has built up over 9 million tons of reserves, which are likely to be sold during the ban. The impact on Russian farmers and the global wheat market is expected to be mitigated by a decrease in Russia's export potential due to an anticipated reduction in its wheat harvest.

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원본 콘텐츠

Türkiye will ban wheat imports from June 21 to October 15, 2024. This and a number of other measures have been taken to protect domestic producers during the harvest period, according to the website of the country's Ministry of Agriculture and Forestry. The message clarifies that the duration of the restriction may be revised. According to the Union of Grain Exporters, cited by Kommersant, as of mid-April, Turkey was the second buyer of Russian wheat, however, in physical terms, supplies to the republic decreased by 23% compared to the last season, reaching 6.5 million tons in May. According to the chairman Union of Eduard Zernin, the Turkish Grain Agency (TMO) managed to form significant reserves - more than 9 million tons, and now TMO will probably sell this volume. Independent grain market expert Alexander Korbut told Agroinvestor that the restriction on wheat imports from Turkey is a serious challenge for Russian farmers. “We have historically exported quite large volumes to ...

출처: AgroInvestor