Soybean purchases by Turkey to hit a high in the new season

Turkey imported 1.5 MMT of soybeans in eight months of the marketing year to meet strong demand from its poultry sector, reports UkrAgroConsult.

The biggest suppliers included Ukraine (680.5 KMT) and Brazil (675.5 KMT). Turkey is a net importer of soybeans. Own production approximates 100 KMT.

According to the USDA forecast, a total 2.6 MMT of soybeans will be imported this season (down 6% from MY 2017/18). Their 2019/20 imports are expected to hit a record 2.8 MMT.

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators – the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of veg oils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.

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