ANNOUNCEMENT 07 Oct 2016

On 7 October 2016, the Turkish Grain Board announced the 2016 paddy purchase prices.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Website of the Turkish Grain Board. TMO Web Sitesi. Available at: http://www.tmo.gov.tr/Main.aspx?ID=1748

Inception date: 20 Sep 2016 | Removal date: 31 Dec 2016

Price stabilisation

On 7 October 2016, the Turkish Grain Board (TGB) announced the 2016 paddy purchase prices. According to the announcement, the TGB will purchase paddies at a base price of TRY 1,675 (USD 549) per tonne. Depending on the type and quality, purchase prices can be higher or lower. The TGB’s paddy purchases started on 20 September 2016. Previously, in 2015, the purchase price for paddies was set at TRY 1,580 (USD 517) per tonne (see related state act).

The TGB guarantees the purchase of all paddies in the amount registered in the Farmer’s Registry System.

According to TGB, the total production of paddies has increased by 5% within the last five years.

The TGB didn’t announce a purchase price policy on paddies in 2017. On 14 November 2018, the TGB announced the 2018 paddy prices (see related state act). 

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AFFECTED PRODUCTS