Business news from Ukraine

Business news from Ukraine

Turkey has opened quota for 3 mln tons of corn with reduced tariffs

20 April , 2026  

Turkey’s decision to open an import quota for 3 million tons of corn with a reduced tariff rate of 5% has significantly altered market conditions, according to the information and analytical agency “UkrAgroConsult.”

“This move is expected to stabilize domestic prices in Turkey and meet high demand. The country’s domestic balance dictates the need for active imports: domestic production amounts to about 8 million tons, while consumption exceeds 10 million tons,” analysts noted.

According to the agency, Ankara’s customs policy remains strict: a 130% tariff applies outside the quota. However, the market is adapting thanks to temporary preferential regimes. Under these conditions, Ukraine is strengthening its presence and already accounts for 85–87% of Turkish imports due to significant supply and favorable logistics.

“Currently, the key competitive factor is the speed of shipments and traders’ willingness to assemble flexible shipments. Market dynamics are driven by raw material shortages within the importing country and the efficiency of logistics chains,” emphasized UkrAgroConsult.

Among the main trends, experts highlighted the transformation of demand due to quotas and the dominance of regional suppliers amid shortages. The agency forecasts that Ukraine will maintain its status as Turkey’s key partner precisely due to the speed of deliveries, despite protective tariffs on non-quota volumes.

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