Turkey is increasing wheat imports, but cutting supplies from Russia

Published 2022년 4월 21일

Tridge summary

Turkey is planning to increase its wheat imports by 1 million tons to 11 million tons for the 2022/23 marketing year due to rising demand for bread and other wheat products. In response to high prices, the government has eliminated the import duty on wheat and other grains, excluding rice, for 2022. The country's wheat imports for the 2021/22 marketing year are projected to reach 10 million tons, with Russia and Ukraine being the main suppliers. Turkey is also seeking alternative suppliers as it faces uncertainty in supply chains from Russia and Ukraine. The country has also cut back on durum wheat imports from Canada and Mexico due to high global prices.

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Original content

Turkey plans to increase wheat imports by 1 million tons to 11 million tons in the 2022/23 MY compared to the current season due to growing demand for bread and other wheat-based products, according to FAS USDA experts in a report on April 18, 2022. In order to stabilize prices, the Turkish government has zeroed the import duty on wheat and other grains (except rice) for 2022. According to forecasts, wheat imports in 2021/22 MY will amount to 10 million tons, and as of February 1, 6.95 million tons of wheat have already been imported, mainly from Russia and Ukraine, although supplies from Romania and Moldova have increased. During international tenders, the TMO agency has purchased more than 3 million tons of wheat during this time, and in June 2021 the average purchase price was $ 260 / t, and in March it was already $ 400 / t. Here are the volumes of wheat imports by Turkey in terms of countries of origin (t) Countries 2019/20 2020/21 2021/22 * Russia 6890934 6369723 4517578 ...

Source: Graintrade