Turkey sets quotas for sunflower seeds and oil imports

Published Aug 7, 2024

Tridge summary

The Turkish government has introduced tariff quotas for 2025 on sunseed and sunflower oil imports to protect local farmers. These quotas are applicable to processors who have purchased 1 million tons of sunseed from local farmers between July 1 and November 30, 2024. Tariffs on imports exceeding the quota will be 27% for sunseed and 36% for sunflower oil. This measure aims to support local farmers by ensuring they are not undermined by cheap imports and to encourage them to cultivate sunflower in the 2025-2026 season. It also seeks to meet domestic demand and stabilize sunflower oil prices by regulating imports.

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Original content

The Turkish government has set tariff quotas for sunseed and sunflower oil for 2025, Haberler.com reported. The quotas will apply to Turkish processors who purchased 1 million tons of sunseed from local farmers between July 1 and November 30, 2024: Duties on imports of these goods in excess of the quota will amount to 27% and 36%, respectively. Thus, during the period from January 1 to April 30, 2025, when Turkish sunflower seeds and oil stocks are depleted in the domestic market, imports will be available under the quota with reduced duty. After April 30, 2025, when the new harvest is approaching, local farmers will be protected from cheap imports, thus preserving their income. The Turkish government expects that ...

Source: UkrAgroConsult