Turkey introduced quotas for the import of sunflower and crude oil

Turkey's government has introduced quotas on sunflower and crude oil imports with lower duties for the first 4 months of 2025, local media reported. Turkish processors who purchase at least 1 million tons of sunflower from local farmers between July 1 and November 30 this year will be able to import the same amount between January 1 and April 30, 2025 with a duty of 8% and/or 1.4 million .ton of unrefined sunflower oil with a duty of 20%. Tariffs outside the specified quotas will be 27% for sunflower and 36% for unrefined oil, respectively. The government's idea is that from the beginning of 2025, when stocks of sunflower and crude oil in Turkey run out, imports will be ensured through quotas with lower duties, and after 30 appeals, when the harvest of the new crop is approaching, local farmers will be protected from cheap imports. The management's expectation is that the adopted measure will increase the motivation of farmers to grow sunflower in the 2025-2026 season and at the ...