Turkey could increase sunoil imports - 15.05.2020
According to forecasts of Oil World experts, in April-June this year Turkey can significantly increase imports of sunflower oil - up to 320 thousand tons against 156 thousand tons shipped in January-March.
This assessment is based on the marked activation of Turkish importers to conclude product supply contracts until the planned increase in import duties on sunflower oil from the current 18% to 30% in June, and up to 36% in July.
At the same time, according to experts, in April-June, imports of sunflower seeds in the country will decrease - up to 250 thousand tons, compared with 473 thousand tons in the previous quarter.
In total this season (October-September), according to experts, Turkey can increase imports of sunflower oil up to 700 thousand tons against 529 thousand tons in the previous MY and reduce sunflower seeds to 980 thousand tons against 1.05 million tons.