October 26, 2012

Import duty for soymeal and wheat bran would be reduced from 13.5% to 5% as announced recently by the Turkish government.

This is according to the US Grains Council (USGC).

In addition, the Turkish Grain Board was given quotas of duty-free imports of 500,000 tonnes of corn and 500,000 tonnes of barley until May 31, 2014. Import duties on distillers dried grains with solubles (DDGS) and corn gluten feed (CGF) were not changed as they were already at a 4% duty.

In the January-June 2012 period, Turkey was the third- and eighth-leading buyer of US CGF and DDGS exports, respectively.

The USGC continues to work closely with industry and government officials in Turkey to remove policy barriers and reopen Turkey as an export destination for US corn.