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Turkiye > Europe and Eurasia + Turkey

FAS Bangkok forecasts Thailand’s rice and corn production to increase in MY 2024/25 in response to improvement in average yield due to higher water supplies, compared to MY 2023/24.

Export prices rose 1-3 percent from the previous week as the Thai baht strengthened and exporters continued to secure the rice supplies to fulfill contract shipments.

Turkiye’s cotton production in marketing year (MY) 2024/25 is forecast to increase to 865,000 metric tons (MT; 3.97 million bales), since farmers planted cotton on larger area in response to temporary cotton price hikes during the planting season and because of better yields compared to last MY due to better weather conditions.

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.

Türkiye’s Biosafety Law continues to threaten imports and imposes a heavy financial burden on the country’s agri-food sector. The number of approved of genetically engineered (GE) events remains arbitrarily fixed at 36 and only includes traits in corn and soy for feed use. There are no approvals for food use due to public sensitivities about the technology.

Turkiye’s commercial apple production in MY 2024/25 is forecast to fall to a five-year low because of unusually dry and warmer weather conditions, which growers say is caused by climate change.

Amid economic headwinds, Turkiye's retail food sector continues to grow, fueled by a young population of 85 million and a rising middle class. The sector is predominantly made up of domestic discount chains, and most of the food on store shelves is produced locally.

Rice export prices dropped 1-3 percent from the previous week as the weakening of the Thai baht and the new crop MY 2024/25 paddy rice entered the market.

Bolivia announced on October 19 the approval of Intacta, a new biotech soybean variety with insect resistant Bt and glyphosate resistant traits. Intense drought and more unpredictable weather are disrupting Bolivian farmer livelihoods and they see the Intacta approval as one helpful step towards improved crop productivity and environmental resilience.

The Thai government has made significant progress in addressing food security and climate change challenges by advancing its biotechnology regulatory landscape. Recognizing the benefits of genome editing technology as a key driver for enhancing the competitiveness and value of the agricultural sector, Thailand has taken a major step forward.

Rice export prices dropped one percent from the previous week despite the strengthening of the Thai baht.