Türkiye, the world’s largest flour exporter has eased its wheat import rules ahead of the scheduled expiry of a ban at midnight on Tuesday, according to the top millers’ association in the country. In June, Türkiye suspended wheat imports until Oct. 15 to protect farmers from low prices, promote domestic procurement of …
Read More »Wheat remains close to 5-week low as Türkiye’s import ban weighs…
Chicago wheat fell again Monday, remaining close to Friday’s five-week lows, as Türkiye’s ban on imports triggered worries about reduced demand and intensified competition with Black Sea supplies in export markets. Corn rose after Friday’s losses, while soybeans fell. The Chicago Board of Trade’s (CBOT) most-active wheat Wv1 fell 0.4% …
Read More »Türkiye suspends wheat imports until October to protect producers!
Türkiye on Friday announced it would halt wheat imports from June 21 until at least mid-October to safeguard farmers from price fluctuations, secure domestic procurement of raw materials and create a favorable market for producers. U.S. and European wheat futures dropped sharply on the news, both falling around 2%, with …
Read More »“TURKIYE NOT IMPORTING WHEAT FROM INDIA”
The Agriculture and Forestry Ministry has dismissed claims in some media outlets suggesting that Turkiye is importing wheat from India. “Turkiye is self-sufficient and one of the top 10 countries in the world in agriculture production. It easily meets food demand from its growing population, thanks to its strong agriculture infrastructure,” the ministry said in …
Read More »NO SUPPLY SHORTAGES EXPECTED IN GRAINS!
No supply shortages of grains are expected due to the conflict between Russia and Ukraine, two countries that supply a substantial amount of Turkey’s grain imports, the country’s agriculture ministry said. Russia’s all-out invasion of Ukraine as of Thursday has raised the prospect of tighter supplies in commodities, due to the possibility …
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