# ICC Digital Library

> Turkish importers are struggling to secure letters of credit needed to buy US DDGS amid a deepening US-Turkey trade dispute. The New Orleans DDGS market plunged last week on the Turkish lira's collapse, which fell 23% in five days.

- Date: 2018-08-20 · published 2018-08-20T12:00:00.000Z
- Category: trade · region Turkey · magnitude medium
- Page: https://feedsoft.ai/events/63624-icc-digital-library
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Turkey is the second-largest destination for US DDGS, so payment barriers and currency losses reduce export demand and pressure Gulf DDGS prices lower.

## Read by commodity

- DDGS: bearish ▼

## Sources

- library.iccwbo.org: https://library.iccwbo.org/content/tfb/news/dcwn_20August201893227.htm

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