Turkey is losing interest in importing sunflower and sunflower products amid high domestic supply

Published Aug 8, 2023

Tridge summary

Turkey reduced imports of sunflower and sunflower products in June due to high domestic stocks, with imports of sunflower seeds estimated at 87,000 tons compared to 168,000 tons in May. The main suppliers of sunflower seeds to the Turkish market in June were Ukraine, Bulgaria, and Romania. Experts expect that Turkey's imports of sunflower and sunflower products will sharply decline in July-September 2023, partly due to increased import duties imposed by the government to protect local farmers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Oil World (Germany), Turkey reduced imports of sunflower and sunflower products in June due to high domestic stocks. Thus, in this month, imports of sunflower seeds are estimated at 87,000 tons compared to 168,000 tons in May this year. and 151 thousand tons in June 2022, sunflower oil - 86 (269; 77) thousand tons, and meal - 88 (105; 60) thousand tons. As specified, the main suppliers of sunflower seeds to the Turkish market in June were Ukraine - 30 (71; 128) thousand tons, Bulgaria - 15 (19; 1) thousand tons and Romania - 31 (65; not carried out) thousand tons. As for sunflower oil, imports were made from Ukraine - 40 (135; 33) thousand tons, the Russian Federation - 40 (132; 44) thousand tons, and Bulgaria - 5 (2; not carried out) thousand tons. Sunflower meal was supplied by the Russian Federation and Ukraine - 70 (75; 44) thousand tons and 18 (22; 15) thousand tons, respectively. Experts expect that Turkey's imports of sunflower and sunflower products will fall ...

Source: Oilworld