Turkish government reduced import duties on sunflower oil to 12% and on sunflower seeds to 22%

Published 2024년 1월 26일

Tridge summary

The Turkish government has slashed import duties on sunflower seeds and sunflower oil from 27% to 12% and 36% to 22% respectively, following a previous reduction that failed to meet expectations. The government has also established import quotas of 100 thousand tons for sunflower seeds and 250 thousand tons for sunflower oil, effective until April 15, 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After the recent reduction in basic import prices for sunflower seeds and sunflower oil, which did not bring the desired effect, the Turkish government has made a new decision to reduce import duties. In particular, the duty on imports of sunflower seeds was reduced from 27% to 12%, and on sunflower oil from 36% to 22%. At the same time, a quota for imports of these products was also established – for sunflower in the amount ...

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