Turkey lowers the duty on the import of sunflower oil for 4 months

Turkey will drop the duty on sunflower oil imports under the tariff quota set for use before the 2025 harvest period. and distributed to companies purchasing local sunflower seeds, reports tr.investing.com. The amended decision of the Presidency envisages that the current import duty of 8% of raw sunflower will be reset, and this will only apply to 1 million. tons of raw material. The quota for the import of unrefined sunflower oil within 400 thousand tonnes equivalent to raw sunflower imports, however, remain subject to a 20% duty. The decision will apply for the period from January 1, 2025. until April 30, 2025 The technology maps: What do the grain and oilseed accounts show? Turkey's trade ministry said the move is aimed at ensuring that industry and processors can get the necessary goods at a reasonable price during the harvest season in the countries of origin, as well as to achieve price stability in the supply of sunflower oil. Sunflower prices continue to rise against the ...