Browse Data and Analysis
Filter
Search Data and Analysis
- 7 results found
- (-) March 2022
- (-) Indonesia
- (-) Turkey
- Clear all
High global commodity prices are expected to slow the growth of 2021/22 Indonesian wheat imports and lower the use of wheat in feed formulation.
Turkey’s food sector is diverse and growing, despite COVID-19 and recent economic difficulties. COVID-19 prompted a health and wellness trend among many middle-class consumers, who are looking for healthier processed and packaged food products.
Indonesia palm oil production is expected to reach 46 million metric tons (MMT) in 2022/23 on favorable weather and higher producer profit margins. Palm oil exports for 2021/22 are revised down from the previous update due to the Government of Indonesia’s domestic market obligation (DMO) requirement, which increased to 30 percent from 20 percent.
Turkey’s production of chicken meat in 2022 is projected higher, in large part because of anticipated strong export demand from neighboring countries and China.
In the last couple weeks, Turkey has imposed temporary export bans on select agricultural products to stabilize local market conditions and keep prices from running higher.
Fearing rising prices and the perceived threat of sunflower oil shortages, customers have scrambled in recent days to stock up on cooking oils.
Turkey’s production of major oilseeds – sunflowerseeds, cottonseeds, and soybeans – in MY 2022/23 is projected to rebound from the previous year as strong prices are expected to spur increased plantings.