The reduction of tariffs on sunflower in Turkey will lead to a decrease in prices of sunflower oil in the Black Sea region.

The Turkish government has reduced import duties on sunflower seeds from 20% to 12% and on crude sunflower oil from 36% to 30% amid forecasts of a record sunflower harvest in Russia and plans to increase processing and oil production volumes in Turkey. These changes, effective October 1, 2025, are aimed at supporting the Turkish vegetable oil sector and increasing the competitiveness of local producers. The reduction in duties will also help stabilize domestic prices and increase import volumes, particularly from Russia. This policy by the government will allow for the stabilization or reduction of sunflower oil prices in Turkey, enhance the profitability of processors, and strengthen the country's position as a major importer of sunflower seeds and crude oil, as well as an exporter of refined sunflower oil in the Black Sea-Mediterranean region. Demand prices for Russian sunflower oil with August delivery remain at a high level of $1160-1170/t FOB, but prices for September-October ...