Turkey has introduced tariff on Russian grain
March 15-Turkey has canceled the duty-free supplies of wheat, corn and sunflower meal for some countries, primarily Russia, which is the main supplier. Will now operate the duty of 130%.
From July 2016 to February 2017 Turkey imported about 2 million tons of Russian wheat, second only to Egypt. In 2015-2016, the volume of imports reached 3.1 million tons.
it is Worth noting that Turkey imposed the duty will affect the import of fish products from Russia and still some countries supplying goods in small quantities. All other major importers of agricultural products to Turkey, including Ukraine, the restrictions do not apply.
Officially, Turkey has not yet provided an explanation for this decision, however, experts regard it as a response to the still existing ban on supplies to Russia of some types of fruits and vegetables of Turkish origin.
the Introduction of Turkey's customs duties on the import of Russian grain could increase the demand for Ukrainian grain. Expect that in the near future will increase purchase prices for wheat and corn, which last week fell to 1-2 $/ton amid the global downward trends.