Turkey allocates SFS, SFO import quotas to buyers

: Agriculture
25/01/06

Turkey has allocated import tariff quotas for sunflower seeds (SFS) and sunflower oil (SFO) for January-April to local buyers.

Under the quotas, 1mn t of SFS and 400,000t of SFO are allowed to be imported at reduced import duties from 1 January-30 April. SFS within the allocated volume will benefit from 0pc import duty, while duties outside of the allocated quota are set at 12pc.

For SFO, the allocated quota import duty is set at 20pc and at 36pc outside of the allocated quota.

In August, Turkey introduced tariff quotas on SFS and SFO to allow local buyers of domestic products to benefit from lower import duties, while supporting Turkish farmers during harvest at the start of the 2024-25 marketing year (September-August). In November, the country reduced SFS duties further.

Turkey is one of the world's largest importers of SFS and SFO, with the seeds used to meet the needs of the country's domestic crushing and refining industry. SFO is the most-consumed oil product in Turkey, with the country's local SFS production covering only about two-thirds of demand.

Turkish SFS imports are projected to reach 450,000t this marketing season, up from 310,000t estimated for 2023-24. SFO imports are forecast at 1.25mn t in 2024-25, down from 1.49mn t in 2023-24, according to the US Department of Agriculture.

By Kristin Yavorska

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

25/07/07

Brazil's Mato Grosso estimates corn output at 54mn t

Sao Paulo, 7 July (Argus) — Brazilian central-western Mato Grosso state will produce nearly 54mn metric tonnes (t) of corn in its 2024-25 season, a 7.2pc rise from the prior month's forecast. That is also 14.5pc above the 47.2mn t produced in the 2023-24 crop, according to the state's institute of agricultural economics Imea. The productivity outlook increased to 126.3 60kg bags/hectare (ha) from 117.7 bags/ha in June's estimate. That is 9.2pc above the 115.6 bags/ha in the 2023-24 crop. That would be a record for the state and was revised upwards mainly because of rainfalls that favored crop conditions this cycle, even for those areas where planting took place after the ideal planting window. The expected planted area remained stable from June's outlook at 7.13mn ha, a 4.9pc hike from the prior cycle. Cotton lint Imea increased its outlook for 2024-25 cotton lint production to 2.79mn t, slightly above the 2.76mn t in June's estimate. That is a 7.4pc hike from 2023-24 production. The planted area increased by 1.2pc on the month to 1.5mn ha, almost in line with the previous month's outlook. The area is 4.2pc ahead of the 2023-24 season. Yield estimates remained at 297 15kg bags/ha. Soybeans Mato Grosso's 2025-26 soybean crop outlook remained at 47.2mn t, stable for the third consecutive month but down by 7.3pc from 2024-25. Soybean yields are expected to reach 60.45 60kg bags/ha, flat from June's outlook and an 8.8pc drop from the 66.29 bags/ha in the 2024-25 season. The expected planted area remained at 13mn ha, 1.7pc above the 12.8mn ha in 2024-25. The current soybean yield outlook is based on the average of the last three cycles and should remain stable until planting — which begins in mid-September — progresses. By Sofia Zizza Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Argentina weather continues to aid wheat, corn

25/07/04

Argentina weather continues to aid wheat, corn

Sao Paulo, 4 July (Argus) — Cool, dry weather that firmed up sodden fields in some areas aided Argentinian farmers' work over the past week, allowing wheat planting and corn harvesting to advance and permitting the soybean harvest to finish. Wheat planting progressed by 5.5 percentage points in the week through 2 July, reaching 78.2pc complete, according to the Buenos Aires grain exchange Bage. Though rains in the second half of June slowed planting in some areas, windy weather and a lack of precipitation in the last seven days improved field conditions in areas that just a week earlier were still waterlogged. Heavy downpours in the second half of May flooded fields in northern and eastern Buenos Aires province . The province is Argentina's biggest producer of wheat, soybeans and barley, and the soaked fields and rural roads left behind by the storms complicated the work of farm equipment and the transportation of harvested soybeans and corn. Wheat planting in Argentina's so-called agricultural core, composed of some of the most fertile parts of the provinces of Buenos Aires, Santa Fe and Cordoba, reached 90pc finished, the Rosario board of trade RBT said. The recent cold weather slowed the emergence of planted wheat, but expectations are still for high yields because of soil moisture levels in many areas, RBT said. As long as the weather remains favorable and there are no crop diseases or frosts, the outlook for production is favorable. Corn harvesting The corn harvest reached 61.7pc finished as of 2 July, an advance of 6.4 percentage points from a week earlier, Bage said. Sodden fields continued to slow harvesting in some parts of Buenos Aires province, but yields have been good, with a national average of 7.6 metric tonnes/hectare (t/ha). Bage maintained its estimate for production of 49mn t of corn. Yields have been better than expected earlier this season, after a drought in late 2024 and early 2025, RBT said. An infestation of leafhoppers that slashed yields last year added to concerns about yields this year. But precipitation starting in mid-February and effective measures this year to control the spread of leafhoppers helped boost yields for late-planted corn, according to RBT. Early corn in the Buenos Aires province produced yields of only about 6.5-7.5 t/ha, while late corn in the same region had yields of 7.5-10.5 t/ha. Soybean harvest nearly done Argentinian farmers virtually finished their soybean harvesting work in the week through 2 July, with only a few small areas remaining unharvested, Bage said. The average yield at the national level was the second highest in the past five cycles, at 3 t/ha, and Bage maintained its estimate for production of 50.3mn t. Barley planting progress is uneven across the Buenos Aires province, according to the economy ministry. The province is by far the country's biggest producer of the grain. In areas where planting is almost finished, the crop is already emerging in good conditions, though some parts of the province will need more rain to sustain growth. Intense cold has slowed emergence in other parts of the province, while muddy fields have delayed planting in others, the ministry said. The cold weather, frosts and even snow in some spots in the province have so far caused no damage. By Jeffrey T. Lewis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

NGOs pitch Amazon preservation funding to Cop 30

25/07/04

NGOs pitch Amazon preservation funding to Cop 30

Sao Paulo, 4 July (Argus) — Non-governmental organizations (NGOs) in Brazil's northern Amazon region set up a plan to draw investments to conservation, restoration and sustainable development in the biome. The plan — submitted to the UN Cop 30 climate summits presidency on 4 July — suggests redirecting subsidies from high-greenhouse gas emission activities to sustainable projects and promoting environmental services, as well as fighting against illegal economic practices such as animal trafficking and property speculation of public lands, according to the NGOs. The Amazon gathered around $5.8bn in investments between 2013-22, while it is worth at least $317bn/yr in ecosystem services, such as climate regulation — vital for agriculture and hydroelectric power generation — and biodiversity, according to the World Bank. The institution also estimated that $7bn would be necessary to preserve the biome against deforestation and ward it off from the tipping point, when it would suffer permanent damage like desertification and severe changes in the rainfall pattern. Main financial resources for the plan may come from the Tropical Forest Forever Facility (TFFF) initiative, which Brazil launched in 2023 to raise funds to protect tropical forests and combat deforestation, the NGOs said. Considering the program's annual raising of $5bn, the groups expect that $2bn of it will fund the Amazon forest preservation. Another proposal includes the creation of a Global Declaration for Amazon to engage countries enrolled in the UN Framework Convention on Climate Change (UNFCCC) in contributing to strengthen the biome against climate change. Brazil will host UN Cop 30 climate summit in November, when it expects to deliver a roadmap to increase global climate finance to $1.3 trillion/yr. By João Curi Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US to lay out tariff demands in coming days: Trump

25/07/04

US to lay out tariff demands in coming days: Trump

London, 4 July (Argus) — The US will lay out its tariff demands on foreign trade partners in the coming days, President Donald Trump said today. From tomorrow, 5 July, Trump will send letters to 10-12 countries a day, with the aim that all countries will be "fully covered" by 9 July, Trump said. That rate will not cover the amount of tariff deals still to be done by the US, which to date has struck three deals — of 10pc with the UK and China and of 20pc with Vietnam. "[The tariffs will] range in value from maybe 60pc or 70pc tariffs to 10pc and 20pc tariffs," Trump said. Countries will start paying them on 1 August, he said. Since 5 April Washington has been charging a 10pc extra tariff on imports — energy commodities and critical minerals are exceptions — from nearly every foreign trade partner, and those rates could go higher after 9 July. Trump has justified those tariffs by citing an economic emergency caused by allegedly unfair trade practices in foreign countries, and his administration is engaged in talks with foreign governments with the nominal goal of lowering their trade barriers. By Haik Gugarats and Ben Winkley Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU updates on agriproduct quotas in Ukraine trade deal

25/07/04

EU updates on agriproduct quotas in Ukraine trade deal

Brussels, 4 July (Argus) — The European Commission has published further details on quotas for some Ukrainian agricultural products under the revised EU-Ukraine Deep and Comprehensive Free Trade Area (DCFTA) agreement. The commission promised no trade restrictions for some non-sensitive agriproducts under the agreement, which was reached in principle on 30 June. The deal still requires technical fine-tuning before formal endorsement of the reviewed DCFTA. Approval requires a qualified majority of 15 of the 27 EU states, representing 65pc of the overall population. For those products subject to restrictions, the commission noted tariff rate quota (TRQ) increases for poultry meat to 120,000 t/yr from the original DCFTA TRQ of 90,000 t/yr. For beef meat, there is no change from the original DCFTA TRQ at 12,000 t/yr, neither for pork meat at 40,000 t/yr. Sugar increases to 100,000 t/yr from the current DCFTA TRQ of 20,000 t/yr. Common wheat and pellets, excluding flour, increase to 1.3mn t/yr from 1mn t/yr, maize and pellets to 1mn t/yr from 650,000 t/yr, and barley and pellets to 450,000 t/yr from 350,000 t/yr. Whole milk powder, fermented milk and food preparations are fully liberalised. Ethyl alcohol increases to 125,000 t/yr from 100,000 t/yr. The commission earlier noted that new market access is conditional on Ukraine gradually aligning with relevant EU production standards. The commission also talked of a robust safeguard clause, including the possibility for the commission to propose safeguards for single-member states. And both sides will explore measures to help Ukraine's exporters reach traditional markets in third countries. Most EU trade with Ukraine is liberalised and the revision maintains around 40 TRQs. Market access has improved for the most sensitive products compared with 2016 DCFTA volumes, but this increase still takes into account "sensitivities", a senior EU official said. The agreement envisages an assessment on production standards with a broader review of TRQs. Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more

Turkey allocates SFS, SFO import quotas to buyers

Related news posts

Brazil's Mato Grosso estimates corn output at 54mn t

Brazil's Mato Grosso estimates corn output at 54mn t

Argentina weather continues to aid wheat, corn

Argentina weather continues to aid wheat, corn

NGOs pitch Amazon preservation funding to Cop 30

NGOs pitch Amazon preservation funding to Cop 30

US to lay out tariff demands in coming days: Trump

US to lay out tariff demands in coming days: Trump

EU updates on agriproduct quotas in Ukraine trade deal

EU updates on agriproduct quotas in Ukraine trade deal

Business intelligence reports

Argus AgriMarkets France

Argus AgriMarkets France

Argus AgriMarkets Outlook France

Argus AgriMarkets Outlook France

Argus Brazil Grains and Fertilizer

Argus AgriMarkets Outlook

Argus Meat and Livestock