Turkiye: Grain and Feed Update

Turkiye’s overall production of grain for marketing year (MY) 2024/25 is forecast to drop year-over-year due to drier-than-normal weather conditions across most of the country. Despite wheat production falling year-over-year by almost 2.0 million metric tons (MMT), Turkiye still has huge inventories of wheat that it is trying to liquidate. Imports and exports of wheat are both forecast down because of internal pricing dynamics and government limits on imports. To stabilize rising corn prices resulting from a decline in production, the government instituted a 1.0 MMT corn tariff rate quota (TRQ). Rice production is expected to be slightly better than last year, but still below long-term averages.