Turkey lowers import duty on red lentils from 19.3% to 9%

Published 2020년 11월 13일

Tridge summary

The Turkish government has decided to lower the import duty on red lentils from 19.3% to 9% until a future date, and has set the import duty for sunflower seeds to zero until June 1, 2021. This decision aims to mitigate the effects of a significant increase in global prices for raw materials and the depreciation of the Turkish lira, which have led to high costs for imported goods and negatively impacted food and feed prices domestically. Turkey's import of sunflower seeds reached approximately 1.1 million tons from October 2019 to September 2020, with Russia, China, and Moldova being the main suppliers.

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Original content

The Turkish government has lowered the import duty on red lentils from 19.3% to 9% until further notice, and has also set a zero import duty on sunflower seeds until June 1, 2021, the USDA press office in Turkey reported. As specified, this decision is due to a significant increase in world prices for raw materials and the depreciation of the Turkish lira against other currencies, which makes the cost of imported goods to Turkey very high and has a negative impact on domestic prices for food and feed. FOR REFERENCE: to meet domestic demand, from October 2019 ...

Source: Agrosektor