Turkey’s wheat import ban sparks sharp decline in futures

Turkey’s wheat import ban sparks sharp decline in futures

An ag economist says Turkey’s ban on wheat imports has brought some pressure to an already volatile market.

Allendale’s Greg McBride says the ban recently announced by the Turkish Agriculture Ministrygoes into effect June 21st and will expire October 15th. “This is similar to what some other countries have done in the past,” he said. “They’re halting their wheat imports to protect prices for farmers domestically.”

The Ministry says the suspension may be postponed to a later date depending on market conditions.

View Full Story

Share:

The Latest

Farmers for Soil Health Enrollment

Steve Reinhard, the chairman of the United Soybean Board, says enrollment is open for a new sustainability initiative designed to enhance