The Turkish President has decreed that the customs duty applied on the imports of durum wheat, common wheat, red wheat, maize, white barley, malt barley and corn in Turkey has been removed until 1 January, 2021.
With the supplementary decision to the import regime decision, the customs duty on wheat, barley and corn up to 45 percent according to country groups was removed. Previously the customs duty was 45 percent on wheat, 35 percent on barley and 25 percent on corn.
The decision to change the customs duty rate was made due to the increase in global grain prices from major grain exporting countries such as Russia and Ukraine to restrict exports due to the COVID-19 outbreak, and China and similar importing countries to increase wheat imports. Turkey's target is to avoid local price increases.
The decision was published in the official Turkish newspaper on 21 October, 2020.
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| Image credit: Kamil Porembiński on Flickr (CC BY-SA 2.0) |
The decision to change the customs duty rate was made due to the increase in global grain prices from major grain exporting countries such as Russia and Ukraine to restrict exports due to the COVID-19 outbreak, and China and similar importing countries to increase wheat imports. Turkey's target is to avoid local price increases.
The decision was published in the official Turkish newspaper on 21 October, 2020.
The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine Milling and Grain
which is published by Perendale Publishers Limited.
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