Sunflower seed and sunflower oil import quotas in Turkey are now in effect

Published Jan 12, 2025

Tridge summary

Starting from January 1, 2025, Turkey has implemented import quotas for sunflower seeds and sunflower oil, set at 1 million tons and 400 thousand tons respectively, to manage domestic supply levels and protect local producers. In the initial period from January 1 to April 30, these imports will face a 0% duty for sunflower seeds and a 20% duty for sunflower oil. Once the quotas are reached, substantial tariffs of 12 and 36% will be applied. This strategy is in response to Turkey's anticipated weak sunflower harvest, projected to be the lowest in a decade, and the inability of local producers to meet two-thirds of the domestic demand. Consequently, Turkey's sunflower seed imports are expected to rise by 37% in the 2024/25 season.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since the beginning of the calendar year 2025, Turkey has entered into force quotas for the import of sunflower seeds and sunflower oil in the amount of 1 million tons and 400 thousand tons, respectively, Latifundist reports. From January 1 to April 30, 2025, the import of sunflower seeds within the quota will be taxed at a 0% duty, and sunflower oil will be taxed at a rate of 20%. Experts comment that the applied quota policy aims to balance domestic supplies, while supporting local producers during this period. Let us recall that this year, according to the report of the Foreign Markets Service of the United States Department of Agriculture (FAS USDA), Turkey expects the weakest sunflower harvest in the last ten years. On January 1, FAS confirmed the pessimistic December forecast for the yield of the oilseed crop in our southern neighbor in 2024/25. - 1.38 million tons, compared to 1.55 million tons harvested in the previous season 1.90 million tons in 2022/23. After reaching ...

Source: Sinor