Turkiye: Grain and Feed Update

Wheat, corn, and barley production in MY 2023/24 are forecast at or near record levels due to favorable weather during much of the growing season. Consequently, import demand for these three grains is projected lower year-to-year. Similarly, rice imports are expected to contract, but this is because of larger-than-usual carryover stocks. On the export side, the Turkish government temporarily authorized exports of domestic corn and durum because of an oversupply of these grains. Meantime, it is unclear whether the situation in the Red Sea will have any noticeable impact on overall export volumes of pasta and flour.