Turkey: Oilseeds and Products Update
Turkish soybean area for MY 2018/19 is about 26,000 hectares and production is 100,000 MT, lower due to increases in cotton planting in recent years. During MY 2017/18, due to the lucrative domestic crushing market, import demand shifted from meal to soybeans, with imports of 2.7 MMT of soybeans, up about 22 percent and soybean meal imports of 520,000 MT, down 27 percent. Brazil was the leading soybean supplier with 1.2 MMT and Argentina was the leading supplier for soybean meal with 465,000 MT. Imports of soybean and meal from the United States were lower than anticipated due to market access problems related to delayed biotech approvals. Total imports of soy and meal have been increasing, but recent economic crises will slow the poultry sector’s growth and adversely affect the total demand for soy and products imports in MY 2018/19.
