Turkey: Grain and Feed Update
Total marketing year (MY) 2018/19 production is forecast at 18.75 million metric tons (MMT) for wheat and 5.5 MMT for corn. Post reduced some commodities’ consumption forecasts assuming a slight decrease in demand from the feed sector in 2018/2019. Despite amendments to export regulations in the month of September, exports of wheat products rebounded to the level of previous years. As a high government priority, Turkey is closely monitoring the prices of staple foods like bread and red meat and continues to take policy actions to tackle food price inflation.
