Production

MY 2014 total domestic production of vegetable oils subject to this report (sunflower seed, cottonseed, and soybean) is estimated at 1.1 MMT, up about four percent compared to MY 2013. The increase is largely due to the large increases in soy oil and cotton seed oil, despite the decline in sunflowerseed oil. MY 2015 production is forecast to increase three percent, with increases in sun and soy oil compensating for the loss in cotton oil.

Turkey also produced about 217,000 MT of canola oil in CY 2014.

The local industry is continuing to invest in new plants. Accordingly, Turkey's crushing capacity has reached 7 MMT in 2014, compared to 6.4 MMT in 2013. Refining capacity for liquid oils also increased in 2014 to 4 MMT from 3.2 MMT. Turkey also has about an additional 1 MMT capacity for the production of margarine.

Sunflower seed oil PSD

Oil, Sunflowerseed

Turkey

2013/2014

2014/2015

2015/2016

Market Year Begin: Sep 2013

Market Year Begin: Sep 2014

Market Year Begin: Sep 2015

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

1,980

1,960

2,000

1,890

1,920

Extr. Rate, 999.9999

0.

0.4209

0.

0.4206

0.4219

Beginning Stocks

380

140

345

187

177

Production

845

825

854

795

810

MY Imports

800

766

680

750

780

MY Imp. from U.S.

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

Total Supply

2,025

1,731

1,879

1,732

1,767

MY Exports

550

584

400

600

620

MY Exp. to EU

0

0

0

0

0

Industrial Dom. Cons.

25

30

25

25

25

Food Use Dom. Cons.

1,075

900

1,185

910

920

Feed Waste Dom. Cons.

30

30

30

20

25

Total Dom. Cons.

1,130

960

1,240

955

970

Ending Stocks

345

187

239

177

177

Total Distribution

2,025

1,731

1,879

1,732

1,767

CY Imports

750

812

700

750

800

CY Imp. from U.S.

0

0

0

0

0

CY Exports

550

665

400

640

650

CY Exp. to U.S.

0

0

0

0

0

Consumption

Sunflower seed oil is the most consumed oil in Turkey and consumption is continuing to increase. The MY 2014 forecasted is to reach 910,000 MT. Higher sunflowerseed oil consumption is based on the improving economy, and negative press about biotechnology that adversely affected corn oil and soybean oil consumption. A moderate consumption increase for sunflower oil is also forecasted for MY 2015, reaching 920,000 MT.