Trade4go Summary
Turkey has announced tariff quotas for the import of sunflower seeds and oil from January 1 to April 30, 2025. The quotas allow for the import of 1 mln tons of sunflower seeds and 400 thsd tons of sunflower oil. Imported sunflower seeds will be tax-exempt, while sunflower oil will be subject to a 20% tariff. This policy aims to balance domestic supplies and support local producers, as Turkey is expected to have its lowest sunflower harvest in a decade.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Turkey has allocated tariff quotas for imports of sunflower seeds and sunflower oil for the period from January 1 to April 30, 2025. The quotas allow importing 1 mln tons of sunflower seeds and 400 thsd tons of sunflower oil. Sunflower seed imports within the quota will be taxed at 0%, while sunflower oil imports will be taxed at 20%. The policy is aimed at balancing domestic supplies while supporting local producers during the period. As a reminder, this year, according to a report by the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS USDA) Turkey is expected to have the lowest sunflower harvest in a decade. FAS lowered the forecast of oilseed ...