Turkey to temporarily suspend wheat imports

Turkey is restricting wheat imports from June 21 to October 15, 2024. The suspension may be postponed to a later date depending on the market situation at that time. The measure is aimed at supporting Turkish producers during the summer season, when crop prices are falling due to increased wheat imports into the country. Russia is one of the largest wheat exporters in the world. According to the Grain Exporters Union, by mid-April, Turkey was the second largest buyer of Russian wheat after Egypt, with Bangladesh in third place.