# Turkey introduced reference prices for sunflower and sunflower oil

> Turkey introduced reference prices of $1,350/t for sunflower oil and $700/t for sunflower seed, effective September 18. Experts expect import duties to rise to about 35% for oil and 56% for seed.

- Date: 2023-09-19 · published 2023-09-19T12:00:00.000Z
- Category: policy · region Turkey · magnitude medium
- Page: https://feedsoft.ai/events/34215-turkey-introduced-reference-prices-for-sunflower-and-sunflower-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Higher Turkish import duties reduce demand for imported sunflower oil and seed, which weighs on export prices and the broader sunflower complex.

## Read by commodity

- SBO: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-03-25 | [Can increase the price of sunflower oil - IKAR in Mass Media \| IKAR.ru](https://feedsoft.ai/events/54254-can-increase-the-price-of-sunflower-oil-ikar-in-mass-media-ikar-ru.md) | +1.7% | -3.7% |
| SBO | 2026-04-24 | [Russian govt increases base prices for sunflower oil, meal for calculating export duties](https://feedsoft.ai/events/19823-russian-govt-increases-base-prices-for-sunflower-oil-meal-for-calculating.md) | +3.9% | +0.6% |
| SBO | 2022-08-02 | [Palm drops 5% for second day as Indonesia cuts reference price - Markets - Business Recorder](https://feedsoft.ai/events/40139-palm-drops-5-for-second-day-as-indonesia-cuts-reference-price-markets-business.md) | +1.8% | +4.8% |
| SBO | 2017-06-01 | [Anti-dumping taxes fear for soybean oil prices](https://feedsoft.ai/events/70581-anti-dumping-taxes-fear-for-soybean-oil-prices.md) | +0.1% | +2.5% |
| SBO | 2024-12-19 | [Edible oil prices tumble on US ethanol plan and record soybean supplies](https://feedsoft.ai/events/27051-edible-oil-prices-tumble-on-us-ethanol-plan-and-record-soybean-supplies.md) | -0.1% | +9.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/turkey-introduced-reference-prices-for-sunflower-and-sunflower-oil/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.