Turkey: Turkey Raises Tariffs on Imported Grains

Starting on May 1, Turkey’s import duties on wheat, barley, corn, and other grains will go from zero to 130 percent. This increase was higher than was originally expected and surprised some local grain traders. It is suspected the higher duty was introduced to protect farmers from a potential influx of cheaper grain imports due to a widening price gap between domestic and Black Sea grain, especially wheat.