Turkey: Oilseeds and Products Update
This report has been superseded by TR4055, December 2014 Revised November 2014 Oilseeds Update.
Turkish soybean area and production for market year (MY) 2014 are about 35,000 hectares and 130,000 metric tons (MT). Declining world soy prices and increased crushing margins triggered soybean imports during the last four months of MY 2013, and total imports reaching 1.6 million metric tons (MMT) for the marketing year. While soy imports were up twenty-eight percent, soybean meal imports were down twenty eight percent to 728,000 MT. The United States supplied about 350,000 MT of soybean and 242,000 MT of soybean meal. Turkey’s production of both poultry and livestock are continuing to grow, pushing the demand up for imported soybean and meal. Turkish poultry meat exporters are benefiting from Russia’s ban on Western food, largely in the form of mechanically deboned meat (MDM).
