The announcement of the Ministry of Agriculture and Forestry is as follows: TMO 2024 grain purchase prices and differential payment support were announced. In addition, in order to ensure that producers are not affected by price declines due to supply density during the harvest season, it was decided to take and implement several foreign trade measures in cooperation with the Ministry of Commerce to meet the supply of raw materials required for our production, promote exports from domestic production and ensure market stability in favor of producers.
The first TÜİK forecast data for crop production in 2024 has been released, with the cereals group expecting an average decrease of 5.4% compared to last year. Wheat production is forecast at 21 million tons, down 4.5% year-on-year.
Currently, the national grain harvest is about 5%.
Starting May 14, 2024, TMOs began accepting product submitted to provide storage facilities to producers. By closely monitoring the market from the start of harvest to date, it has been decided to announce TMO grain purchase prices and differential payment support as of today.
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Grain purchase price
Crop Grain Purchase Price 2024 (2nd Group) per tonne.
*10,000TL for durum wheat,
*9,250TL for bread wheat,
* In the case of barley, the price was decided to be 7,250 TL.
Our Ministry will provide differential payment assistance of up to TL 1,750 per ton for wheat and up to TL 750 per ton for barley to producers registered in the Farmers Registration System.
Producers will be provided with a differential payment from the Ministry per tonne, which will amount to 11,750 TL for durum wheat, 11,000 TL for bread wheat and over 8,000 TL for barley.
Additionally, assistance with fertilizer, diesel fuel and certified seeds will continue to be provided to producers.
Payment for the product price will be made directly to the manufacturer’s bank account within 45 days.
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In order to prevent producers from being affected by price declines due to supply density during the harvest season, to ensure that domestic production meets the supply of raw materials needed for exports, and to ensure market stability in favor of producers, we will work with the Ministry of Commerce to implement a number of foreign trade measures. These measures.
*The export of solid flour made from domestically produced wheat, which was previously prohibited in September 2018, has now been permitted.
*Bread/durum wheat and barley exports, including fractions, are being released under controls (subject to TMO approval).
*Within the scope of the inland processing regime, wheat imports are suspended from 21 June 2024 until 15 October 2024, effective from 21 June 2024, with the suspension subject to extension to a later date depending on market conditions arising on this date.
*TMO will provide details regarding purchase and prices of other products.
We wish all growers a bountiful harvest season.
Wheat harvest is productive. See the news.
