"Middle East Grains&Oils Congress: Beirut edition", Lebanon, Beirut

DATE
Sep 18, 2019
BEFORE THE BEGINNING
08
MONTHS
00
DAYS
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In June 2019, Turkey increased the imports of sunflower seed, but reduced soybean purchases

Source

APK-Inform

1219

According to Oil World analysts, in the second quarter of 2019 Turkey increased the imports of sunflower seed in 2.5 times — to 585 thsd tonnes, against 236 thsd tonnes in April-June of 2018. In particular, in June 2019 Turkey imported 182 thsd tonnes of the oilseed (in June 2018 — 74 thsd tonnes).

At the same time, in April-June the imports of soybeans decreased by 25% year over year — from 1.115 mln tonnes to 838 thsd tonnes, including 205 thsd tonnes supplied in June 2019 (down 17%).

In addition, for several recent months Russia and Moldova became the main countries-exporters of sunflower seed to Turkey, and increased its presence on the Turkish market, while Bulgaria and Romania exported almost the same volumes as last year.

Due to the forecast of the large-scale harvest of sunflower seed in the country, and temporary increasing of the import duties (since July 25 to February 1, 2020), analysts expected that in the current year the imports of sunflower seed to Turkey will somewhat decrease.

You can receive more detailed information about the imports of oilseeds and its by-products by MENA countries in 2019/20 MY within frames of the international conference "Middle East Grains&Oils Congress: Beirut edition", to be held in Beirut, Lebanon, on September 18-19, 2019.

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