World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey’s announcement that it would stop wheat imports from June to October in order to protect local wheat production has surprised and upset the wheat trade in Turkey and internationally. Turkey’s large wheat flour exports will probably now have to be produced from local wheat rather than from imported wheat although this was not covered in the initial announcement. The biggest effect of this move is seen on Russian and Ukrainian wheat exports. Russia has reportedly asked Turkey to delay this import ban. The Turkish Exporters Assembly has also voiced strong opposition. Turkey has set a minimum export price for durum wheat at $360 MT FOB. The l...

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From WPI Consulting

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