Forkagro Pixel
Trading platform Trading platform
Trading platform

We will connect you with potential partners and help you conclude a profitable deal in the agricultural sector.

Dont miss the opportunity to expand your business and increase your profits.

View applications
Express applications Express applications
Express applications

In the "Express applications" section you can get information about the sale or purchase of agricultural crops. The placement occurs automatically from open sources.

View applications
Fork Work Fork Work
Fork Work

Fork Work brings together experts and professionals in the field of agriculture who are ready to share their knowledge and experience to solve various problems.

More details
Turkey expects a 61% reduction in wheat stocks due to an import ban: experts warn of serious consequences.
Cereals
Groats
Stern
Wheat

Turkey expects a 61% reduction in wheat stocks due to an import ban: experts warn of serious consequences.

The wheat reserves in Turkey are expected to decrease by 61% due to the mandatory import ban until October. Grain production will decrease by 11%, and imports by 30%.

Flour exporters are worried about high prices and the potential loss of markets.

29 July 2024 29 July 2024

Due to the fact that the ban on wheat imports to Turkey will be mandatory until October, and dry weather will reduce domestic production, a 61% reduction in wheat stocks in the country compared to the previous 2024/25 season is predicted, according to the online portal Feedlot citing a report by the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture.

Experts also forecast that domestic grain production will decrease by 11%, to 18.75 million tons, and imports will shrink by 30%, to 6.5 million tons. It is explained that the unfavorable weather conditions are the reason for the decrease in wheat production volumes in Turkey.

FAS also notes that "the import ban negatively affects flour exporters and they are concerned that they will not be able to offer competitive prices and will lose their markets if the ban lasts beyond October."

"The forecast assumes that the import ban will be lifted in October, and then flour exporters will be able to obtain the necessary raw materials on the international market," the service's statement said.

 

Confirm
By continuing to use our site, you consent to the processing of cookies that ensure the proper operation of the site.
Accept all cookies