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The February 6, 2023 earthquakes greatly affected Kahramanmaras, the center of Turkiye's cotton yarn and textile production, but the industry is already on the road to recovery.
Turkiye’s food and beverage sector depends on domestic and imported ingredients, a large portion of which are sourced from Europe. European ingredients enjoy zero or low import duties under preferential trade agreements, as well as lower freight costs.
In March, the Turkish Ministry of Agriculture & Forestry (MinAF) detected for the first time an SAT-2 strain of foot and mouth disease (FMD) in cattle.
In 2022, the Government of Ecuador continued to support floor prices for local production of corn, rice, and wheat as well as began subsidizing the price of fertilizers for small producers.
On March 8, 2023, the Turkish government issued a notice in the Official Gazette to lift the remaining restrictions on exporting certain agricultural products, including red meat, tomatoes, some pulses, and sunflower oil.
Turkey’s production of major oilseeds – sunflowerseeds, cottonseeds, and soybeans – in marketing year (MY) 2023/24 is projected to decrease year-over-year because of pre-earthquake market dynamics.
Ecuador’s National Customs Service (SENAE) announced on February 2, 2023, that Distiller’s Dried Grains with Solubles (DDGS) will no longer be subject to a 12 percent value added tax.
Despite continued economic constraints, U.S. – Ecuador bilateral agricultural and related product trade rose to $4.5 billion in 2022. In addition, U.S. agricultural and related product exports to Ecuador reached a record $741 million.