Marketing year (MY) 2014 Turkish soybean area and production are estimated at about 35,000 hectares and 130,000 metric tons (MT). Declining domestic soy prices and increasing corn prices caused declines in soy planting as a second crop, resulting in a reduction of overall planting. Turkey’s production of both poultry and livestock has grown, increasing the demand for imported soybeans and soybean meal. However, recent political unrest in Iraq, the leading export market for Turkish poultry meat and eggs, is expected to slow down the growth for both sectors. Total soybean imports during the first eight months of MY 2013 were 760,000 MT, and the U.S. was the leading supplier with 269,000 MT. Turkey also imported 503,000 MT of soybean meal, with the U.S. supplying 223,000 MT during the first seven months of the marketing year.
