Highlights

Turkish soybean area and production for MY 2016 is now estimated about 30,000 hectares and 100,000 MT. Adverse weather conditions have been reported to have affected yields. Turkey imported 2.28MMT soybeans during MY 2015, of which Ukraine was the leading supplier with 838,000 MT and United States with 402,000 MT. Turkey also imported a total of 592,000 MT soymeal during the MY 2015, of which Argentina supplied 369,000 MT and 72,000 MT were U.S. soymeal.

Soybean

Oilseed, Soybean

Market Begin Year

Turkey

Sep. 2014\2015

Sep. 2015\2016

Sep 2016\2017

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Area Planted

40

35

30

27

30

30

Area Harvested

35

35

27

27

33

30

Beginning Stocks

287

287

359

359

274

274

Production

135

135

100

100

120

100

MY Imports

2197

2197

2200

2284

2250

2150

MY Imp. from U.S.

450

450

450

402

450

400

MY Imp. from EU

0

32

0

20

0

20

Total Supply

2619

2619

2659

2743

2644

2524

MY Exports

10

10

85

118

15

50

MY Exp. to EU

0

0

0

0

0

0

Crush

1150

1150

1050

1050

1150

950

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

1100

1100

1250

1300

1230

1250

Total Dom. Cons.

2250

2250

2300

2350

2380

2200

Ending Stocks

359

359

274

275

249

274

Total Distribution

2619

2619

2659

2743

2644

2524

CY Imports

2000

2255

2200

2750

2300

2300

CY Imp. from U.S.

450

739

450

400

450

450

CY Exports

10

12

50

180

15

50

CY Exp. to U.S.

0

2

0

150

0

40

Soybean area and production for MY 2016 is now estimated as 30,000 hectares and 100,000 MT. Adverse weather conditions are reported to have affected field yield.
Production

In Cukurova region, where ninety-five percent of the local soybean crop is planted, soybean has to compete with wheat, corn and cotton. In recent years attractive returns on peanuts also creates an alternative to soybean planting in the region.

In spite of the recent increase in soybean production bonus by about twenty percent to TL 600 (US$ 200) per ton for the MY 2016 crop, it had limited effect on planting.

The GOT has recently announced a new regional crop support program that may improve condition for soybeans planting, but the details of the program are not available as of now. Over the years GOT has been encouraging the increase of oilseeds planting by higher production bonus payments.

Consumption

In MY 2015, the Turkish poultry industry faced difficulties in exports due to security problems in the border areas of major export markets such as Iraq and Syria, along with political disputes. Presently the industry is showing great efforts to find new routes to the main export markets and also searching for new export markets. Recent devaluation of Turkish Lira against the major currencies, more than ten percent during the last three months, had been met with mixed reactions by the industry - on one hand it lowers the export price and makes Turkish products attractive, but on the other hand it greatly increases the cost of imported raw materials for production, where majority of production is used for domestic market. The industry is carefully observing the swing and waiting for exchange rates to settle before committing to an export price. Increase in usage of alternative low-priced feed items such as DDGS in the rations also reduces soybean and products usage. Due to the above issues, domestic consumption of soybean expected to go down to 2.2 MMT in MY 2016.

Trade

Total soybean imports during MY 2015 were 2.28 MMT, up about four percent compared to last marketing years. Ukraine became the leading supplier with 838,000 MT followed by Paraguay with 560,000 MT. Imports from the US were 402,000 MT, about half of last year's amount. Ukraine continued to benefit from geographical proximity and favorable pricing. Brazil (239,000 MT), Uruguay (94,000 MT) and Canada (70,000 MT), were the other leading suppliers.

Turkey's soy exports were 118,000 MT, which is a record, during the marketing year. The United States was the leading destination with 97,000 MT. Exports to United States were non-GMO soybeans. Northern Cyprus (3,200 MT), Canada (2,600 MT) and Iraq (1,400 MT) were the other destinations.

Soybean meal PSD

Meal, Soybean

Meal, Soybean

Market Begin Year

Turkey

2014/2015

2015/2016

2016/2017

Oct 2014

Oct 2015

Oct 2016

USDA

Official

New

Post

USDA

Official

New

Post

USDA

Official

New

Post

Crush

1150

1150

1050

1050

1150

950

Extr. Rate, 999.9999

0.7704

0.7609

0.7705

0.7714

0.7704

0.7789

Beginning Stocks

210

191

208

144

257

156

Production

886

875

809

810

886

740

MY Imports

464

450

700

592

600

600

MY Imp. from U.S.

140

47

140

72

140

100

MY Imp. from EU

240

15

240

46

240

40

Total Supply

1560

1516

1717

1546

1743

1496

MY Exports

52

52

40

40

50

50

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom.

1300

1320

1420

1350

1450

1300

Total Dom. Cons.

1300

1320

1420

1350

1450

1300

Ending Stocks

208

144

257

156

243

146

Total Distribution

1560

1516

1717

1546

1743

1496

CY Imports

428

417

600

600

600

650

CY Imp. from U.S.

140

49

140

100

140

120

CY Exports

45

45

50

45

50

40

CY Exp. to U.S.

0

0

0

0

0

0

ConsumptionMY 2015 soymeal production is now estimated about 810,000 MT. Domestic soymeal production is expected to down to 740, 000 MT in MY 2016 due to anticipated decline in local demand as a result of declines in the broilers industry.ProductionSoybean meal MY 2015 domestic consumption was 1.35 MMT. Poultry meat and egg producers who are facing difficulties in exports and slow increase in domestic consumption require less meal. Soymeal consumption in MY 2016 is projected to be about 1.3 MMT, down about four percent compared to a year ago.

Trade

Turkey has imported a total of 592,000 MT of soybean meal during MY 2015. Argentina was the main supplier with 370,000 MT. The U.S. (71,500 MT), Ukraine (51,000 MT) and Brazil (49,000 MT) were the other leading suppliers.

Turkey exported about 40,000 MT of soy meal during the same period. Iraq (22,700 MT), Northern Cyprus (10,250 MT) and Lebanon (3,100 MT) were the main destinations.

Soybean oil PSD

Oil, Soybean

Market Begin Year

Turkey

2014/2015

2015/2016

2016/2017

Oct 2014

Oct 2015

Oct 2016

USDA

New

USDA

New

USDA

New

Official

Post

Official

Post

Official

Post

Crush

1150

1150

1050

1050

1150

950

Extr. Rate, 999.9999

0.1783

0.1783

0.1781

0.1781

0.1783

0.1789

Beginning Stocks

10

10

35

35

27

27

Production

205

205

187

187

205

170

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

215

215

222

222

232

197

MY Exports

7

7

15

15

20

20

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

95

95

100

100

110

90

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom.

78

78

80

80

85

70

Total Dom. Cons.

173

173

180

180

195

160

Ending Stocks

35

35

27

27

17

17

Total Distribution

215

215

222

222

232

197

CY Imports

0

0

0

0

0

0

CY Imp. from U.S.

0

0

0

0

0

0

CY Exports

10

8

20

20

20

20

CY Exp. to U.S.

0

0

0

0

0

0

Soybean oil

Soybean oil production was 187,000 MT in MY 2015 and expected to go down to 170,000 MT in MY 2016 due to anticipated decline in domestic crushing. The main soy oil usage area in Turkey continues to be poultry feed and industrial use since the biosafety law forbids soy oil to be used in food if it is produced from GE soybeans. No GE crops have yet been approved for food use in Turkey.

Due to large domestic crushing for industrial use, Turkey didn't import soy oil during the MY 2015. Exports during the same period however were about 15,000 MT of which 12,000 MT were to Iraq, 1,500 MT to China and 1,400 MT to N. Cyprus.