
Turkey's Feed Millers Union expects the government
to allocate a new corn import quota to help contain inflation and feed costs, Bulent
Ozsoy, broker at Atria Brokers said.
"Feed millers have formally addressed the
Ministry of Agriculture and Forestry, requesting that corn imports under the
new quota be exempt from tax," Ozsoy said.
Ozsoy added that the Turkish Flour Industrialists
Federation pointed that if no new quota is granted, feed producers may turn to
feed wheat as an alternative.
At the same time, Koray
Tüysüzoğlu, CEO of Erser Group Turkey, said additional demand for imported corn
may be limited, as Turkey has already imported and booked around 3 MMT.
“We will have enough stocks
until the harvest, so Turkey will not be an active buyer. That may also help
ease prices,” Tüysüzoğlu said.
The 1 MMT import quota with
a reduced duty of 5% have been fully exhausted as of 29 April — almost two
months ahead of schedule.
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