Turkey’s soybean imports on the rise.

With domestic production declining and consumption on the rise, Turkey has become one of the world’s leading importers of soybeans and soybean meal. USDA forecast 2018-19 soybean planted area and production at 26,000 hectares and 95,000 tonnes, respectively. Total soybean imports during the first eight months of marketing year 2017-18 were 1.6 million tonnes, up about 28% compared to the same period last year due to lucrative crushing margins. The leading supplier is Ukraine with 520,000 tonnes, followed by the United States with 410,000 tonnes, up about 55% from the previous year due to attractive prices relative to other suppliers.