The harvest of wheat and barley in Turkey begins in May.
According to a presidential decision published on 25th April in the Official Gazette, Turkey imposed an import tariff 130% on some grain imports, including wheat and corn. The government recently announced large energy and infrastructure projects in the run up to the election.
Import Duty Levied
The decision to levy the import duty comes following the bans on grain imports from Ukraine announced by some European Union countries in the previous week.
However, some traders claimed that Turkey’s action was primarily intended to safeguard its regional agricultural industries before important elections on May 14.
The previous regulations stated that until 30th April, there was no import tax on wheat, barley, rye, oats, corn, and sorghum. The decision made on 25th of April would become effective on 1st May and will impose a 130% import tariff on imported grains.
After the pandemic in late 2020, Turkey had lowered import taxes on grains and other agricultural products, and it stopped doing so about a year ago.
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