Weekend News Review

Turkey has set tariff quotas on sunflower seed and oil imports for the first quarter of 2025, allowing for the import of 1 million tons of sunflower seeds or the equivalent of 400 thousand tons of sunflower oil. These imports will be tax-exempt for seeds and 20% duty for oil, in an effort to stabilize domestic supplies and support local producers. Despite economic challenges, the global soybean market remains stable, with experts predicting an increase in soybean prices in Ukraine by the end of January. In China, rapeseed meal futures have reached a three-week low due to hopes for easing trade tensions with Canada, and Kazakhstan has significantly increased its oil flax exports, particularly to China, Belgium, and Afghanistan.

Turkey sets tariff quotas on sunflower seed and oil imports From January 1 to April 30, 2025. The quotas allow importing 1 million tons of sunflower seeds or the equivalent of 400 thousand tons of sunflower oil. Sunflower seed imports within the quota will be tax-exempt, while sunflower oil imports will be subject to a 20% duty. This policy is aimed at stabilizing domestic supplies and supporting local producers. By the end of January, prices for Ukrainian soybeans may exceed $400 per ton - experts Despite the seasonal decline in activity on the world market during the holiday period, Ukrainian soybean exporters maintain their positions. However, the global soybean market faces a number of fundamental challenges, including a high global harvest and economic problems in China, one of the key importers. This is stated by analysts of the agricultural cooperative PUSK, created within the framework of the All-Ukrainian Agrarian Council, the press service of the VAR reported on January ...