Decision to suspend wheat imports in Turkey till October

07-Jun-2024 07:41 PM

Ankara. With the aim of protecting the interests of producers from the risk of price fluctuations in the domestic division, ensuring the purchase of a good amount of grain from farmers and creating a favorable market for farmers,

the Turkish government has decided to suspend the import of wheat from abroad for the next four-five months. It is understood that this decision will come into effect from June 21, which can remain in force till at least October 15.

According to the Turkish Ministry of Agriculture, the Turkish Grain Board has fixed the purchase price for durum wheat,

milling wheat and barley for the year 2024. The Ministry of Trade has recommended stopping the import of wheat for a few months and accordingly its import can be postponed till at least October 15, 2024. Along with this,

some other measures will also be taken to protect the interests of farmers. According to the Ministry of Agriculture, if the import of large quantities of cheap grains from abroad continues at the time of harvesting and heavy arrival of the new crop,

then the domestic market price of wheat may fall significantly and this may cause losses to the domestic producers. Keeping this in mind,

the import of wheat from abroad will be stopped until the grain of the farmers is sold. Usually this process ends by mid-October. Turkey imports large quantities of wheat from Russia-Ukraine.