Turkey reduces some import duties
2012-10-26 10:15:55
The Turkish government recently announced that it would reduce the import duty for soybean meal and wheat bran from 13.5 percent to 5 percent, according to the U.S. Grains Council.
In addition, the Turkish Grain Board was given quotas of duty-free imports of 500,000 metric tons of corn and 500,000 metric tons of barley until May 31, 2014. Import duties on distillers dried grains with solubles and corn gluten feed were not changed as they were already at a 4 percent duty.
In the January-June 2012 period, Turkey was the third- and eighth-leading buyer of U.S. 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 U.S. corn.