Breaking News: Turkey Boosts Wheat Imports from Russia Before Temporary Halt
In a surprising move, Turkey increased its wheat imports from Russia to $140.3 million before implementing a temporary halt on wheat imports from June 21 to October 15, according to Trend. This decision was made to protect local producers from the impact of dropping grain prices.
During June, Russia increased its wheat exports to Turkey by 11%, becoming the main supplier as imports from Ukraine decreased significantly. Despite this, overall wheat imports to Turkey in June only decreased by 0.8% to $143.8 million.
This move by Turkey indicates a shift in its wheat import strategy and highlights the importance of supporting local agricultural producers. It will be interesting to see how this temporary halt in wheat imports will affect the Turkish market and if there will be further changes in the future.