Market sources indicate that Turkey’s state grain board, TMO, may announce a 1 MMT corn import quota this week, a move widely expected by industry stakeholders.

“I haven’t heard official confirmation, but we expect a new quota soon. It could be 500 KMT or 1 MMT, but I'm certain the tax won’t be zero,” said Koray Tüysüzoğlu, CEO of Erser Group Turkey. Some sources predict the tax will likely be set between 5% and 10%.

At the end of February, Salih Karagoz, Broker at Pir Grain & Pulses, told ASAP Agri that TMO was actively working to accelerate feed wheat sales and clear warehouses amid rising storage costs. At the time, corn and feed wheat prices in Turkey’s domestic market had reached parity. Karagoz added that, given TMO’s aggressive selling strategy, the introduction of an import duty on corn is unlikely before May.

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