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- (-) February 2022
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Despite economic constraints and the continued COVID-19 pandemic, U.S. - Ecuador bilateral agricultural trade in 2021 rose to $3.8 billion. In addition, U.S. agricultural exports reached a record $587 million.
On January 27, 2022, the Turkish government published a new regulation delegating specific authority for the decision to implement export bans on a list of agricultural commodities during 2022 to the Ministry of Agriculture and Forestry (MinAF).
The Turkish government continues its efforts to rein in inflation, which was made worse in recent months by the steep depreciation of the Turkish Lira against the US dollar and drought-related grain production losses in MY 2021/22.