World Grain - January 2019 - 74

FEATURE: WORLD FLOUR EXPORTS REMAIN STEADY

ALL EYES ON TURKEY
The IGC made multiple adjustments to export numbers
in its November report, noting increases or decreases in
8 of the 16 regions it covers.
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exports, is dealing with a currency crisis that some
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the IGC forecasts the country's exports to increase
slightly from a year ago, to 5 million tonnes from 4.9
million tonnes. The IGC said Turkey's export total is
boosted by strong demand from neighboring countries in the Middle East.
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produced from grain grown domestically, outside of
the Inward Processing Regime duty exemption mechanism, to 1% of total exports. It's important to note that
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three weeks of Turkey's export limit.
Turkey's Ministry of Agriculture said the action was
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sumers and prevent speculation, but noted that the export limit was temporary and would be removed when
domestic price stability returned.
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exports. In 2017, Turkey exported 3.6 million tonnes of
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Besides Turkey, export increases are forecast for
Argentina, up 100,000 tonnes to 1 million tonnes, and
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up 100,000 tonnes to 3.4 million tonnes.
Iran's export total was revised downward to 750,000
tonnes from 950,000 tonnes, this coming after the IGC
had revised its export total up to 950,000 tonnes from
350,000 tonnes in its August report.
Smaller decreases from the previous report were
noted in the E.U., down 50,000 tonnes to 750,000, the
United States, down 50,000 tonnes to 350,000 tonnes,
and Russia, down 25,000 tonnes to 325,000 tonnes.
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World Grain - January 2019

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