Low sunseed harvest may encourage Turkey to reduce current high import duties

게시됨 2023년 11월 8일

Tridge 요약

Experts at Oil World have lowered their estimate for Turkey's sunflower seed harvest in the 2023/24 season to 1.35 million tonnes, compared to the previous season's 1.86 million tonnes. Other market participants predict an even lower production of 1.2 million tonnes. The decrease in harvest due to extreme heat and drought may lead to the Turkish government reconsidering its high import duties on sunflower seeds and oil. Additionally, it is worth noting that Turkey has seen a growth in oil exports, with 192,000 tonnes exported in the last quarter, primarily to Ethiopia, Iraq, Sudan, Yemen, and Syria.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

The experts of Oil World (Germany) reduced the estimation of the sunflower seed harvest in Turkey in 2023/24 MY to 1.35 mln tonnes, compared to 1.86 mln tonnes harvested in the previous season. At the same time, different market participants point to the further reduction of the production – to 1.2 mln tonnes. The sharp decline in sunseed harvest due to the extreme heat and drought in the country casts doubt on whether the Turkish government will maintain the current high import duties on sunflower seeds and oil as originally planned. As a reminder, the introduction of high import duties and accumulated sunseed stocks at the beginning of 2023/24 MY (390 thsd tonnes compared to 40 thsd tonnes at the beginning of the previous season) restricted the imports of sunflower oil in August and September of this year. Thus, since the beginning of the current season Turkey imported only 56 thsd tonnes of sunflower seeds and 203 thsd tonnes of sunflower oil, down from 324 thsd tonnes and 471 ...

출처: UkrAgroConsult