TURKISH OILSEEDS &VEGOILS OUTLOOK September 09, 2014, HILTON KIEV, UKRAINE BLACK SEA OIL TRADE-2014 Sunseedman
Jan 01, 2016
TURKISH OILSEEDS &VEGOILS
OUTLOOK
September 09, 2014, HILTON KIEV, UKRAINE
BLACK SEA OIL TRADE-2014
Sunseedman
STRUCTURE OF PRESENTATION
1-Turkish AgriFacts
2 – Turkish Oilseeds Outlook
3- Turkish Vegoils Outlook
4 – 2014/15 Season Projections
5- Presentation Summary
Sunseedman
Turkish AgriFacts
Source: www.fanack.com
Sunseedman
POPULATION : 76.667.864 ( 2013 update )
TOTAL AREA : 783.562 km2
AGRICULTURAL AREA : 238.110 km2 ( 30% )
( 23.811 Thd Ha )
AGRICULTURAL EMPLOYMENT RATE : 25%
MAIN CROPS: Wheat ( 15-20 Mln T ), Sugar Beet ( 15-17 Mln T ), Barley ( 4–7 Mln T ), Corn ( 4-5 Mln T ), Cotton ( 2-3 Mln T ), Sunflower ( 1-1.5 Mln T ) and Paddy Rice ( 750 – 1.000 kmt ) etc.
Sunseedman
TURKISH OILSEEDS OUTLOOK
Sunseedman
TURKISH OILSEEDS PRODUCTION( 1000 TONS ) 2013/14 Season Crop Sizes
Sunseed 1500
Cottonseed 950
Soybean 130
Rapeseed 70 Safflowerseed 45
SunseedCottonseedSoybeanRapeseedSafflowerseed
Sunseedman
IN 2013/14 SEASON;
TURKEY RAISED
APPROX. 2.7 MLN T OF OILSEEDS.
SUNFLOWERSEED WAS THE BIGGEST RAISED OILSEED
WITH 55% SHARE.Sunseedma
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TURKISH OILSEEDS CRUSHINGS ( 1000 TONS )
2013/14 Season Crushings
Sunseed 2100
Cottonseed 950
Soy-bean 450
Rapeseed 200
Safflowerseed 45 Linseed/Camelina 100
2013/14 Season Crushings
Sunseed
Cottonseed
Soybean
Rapeseed
Safflowerseed
Linseed/Camelina
Sunseedman
IN 2013/14 SEASON;
TURKEY CRUSHED
APPROX. 3.85 MLN T OF OILSEEDS.
SUNFLOWERSEED WAS THE BIGGEST CRUSHED OILSEED
WITH 55% SHARE.
Sunseedman
TURKEY HAS AROUND
8.0 MLN TOF CRUSHING CAPACITY
BUT ONLY
HALF-CAPACITY USAGESunseedma
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TURKISH OILSEEDS IMPORTS ( 1000 TONS )
Sunseed 710
Cottonseed 20
Soybean 1074
Rapeseed 137
Linseed/Camelina 100
Others 212013 Calendar Year
Sunseed
Cottonseed
Soybean
Rapeseed
Linseed/Camelina
Others
Sunseedman
IN 2013 CALENDAR YEAR;
TURKEY IMPORTED
APPROX. 2.07 MLN T OF OILSEEDS.
AND PAID AROUND
1.27 MILLIARD USD
SOYBEANS WAS THE BIGGEST OILSEED WITH 52% SHARE.
Sunseedman
IN 2013 CALENDAR YEAR;
MAJOR 3 ORIGINS AS PER OILSEEDS ;
SOYBEAN; USA, Paraguay, Ukraine
SUNSEED; Bulgaria, Moldova, Romania
RAPESEED; Bulgaria, Russia, Ukraine
COTTONSEED; Greece
LINSEED/CAMELINA; Russia, Ukraine, Kazakhstan
Sunseedman
IN 2013 CALENDAR YEAR;
TURKEY EXPORTED
ALMOST NIL OF OILSEEDS
EXCEPT SOME HYBRID SALES AND
INSIGNIFICANT NEIGHBOOR PARTIES.
Sunseedman
TURKISH VEGOILS
OUTLOOK
Sunseedman
TURKISH VEGOILS PRODUCTION( 1000 TONS )
SunOil 875
CottonOil 130
SoyOil 80
RapeOil 80
LinOil 35SafflowerOil 15
CornOil 60
OliveOil 200 Hazelnut Oil 15
2013/14 Season Productions
SunOil
CottonOil
SoyOil
RapeOil
LinOil
SafflowerOil
CornOil
OliveOil
Hazelnut Oil
Sunseedman
IN 2013/14 SEASON;
TURKEY PRODUCED
APPROX. 1.49 MLN T OF VEGOILS.
SUNOIL WAS THE MOST PRODUCED VEGOIL
WITH 60% SHARE.Sunseedma
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TURKISH LIQUID VEGOILS CONSUMPTION( 1000 TONS )
SunOil 950
CottonOil 45SoyOil 10
RapeOil 20
Hazelnut Oil 10
CornOil 60 OliveOil 125
2013/14 Season Consumptions
SunOil
CottonOil
SoyOil
RapeOil
Hazelnut Oil
CornOil
OliveOil
Sunseedman
IN 2013/14 SEASON;
TURKEY CONSUMED
APPROX. 1.22 MLN T OF LIQUID VEGOILS.
SUNFLOWER OIL WAS THE MOST CONSUMED VEGOIL
WITH OVER 75% SHARE.Sunseedma
n
TURKISH VEGOILS IMPORTS ( 1000 TONS )
SunOil 632
PalmOil 592
PalmKernelOil 93
CornOil 40 Soyoil 6 Others 28 2013 Calendar Year Imports
SunOilPalmOilPalmKernelOilCornOilSoyoilOthers
Sunseedman
IN 2013 CALENDAR YEAR;
TURKEY IMPORTED
APPROX. 1.39 MLN T OF VEGOILS.
AND PAID AROUND
1.6 MILLIARD USD
SUNOIL WAS THE BIGGEST IMPORTED VEGOIL WITH 45% SHARE.
Sunseedman
IN 2013 CALENDAR YEAR;
MAJOR 3 ORIGINS AS PER VEGOILS ;
SUNOIL; Russia, Ukraine, Bosnia-Herseq
PALMOIL; Indonesia, Malaysia
PALMKERNEL OIL; Indonesia, Malaysia
CORNOIL; USA, Spain, France
SOYOIL; Ukraine, Romania, USA
Sunseedman
TURKISH VEGOILS EXPORTS ( 1000 TONS )
SunOil 569
CornOil 30
SoyOil 10
Others 9
OliveOil 922013 Calendar Year Exports
SunOilCornOilSoyOilOthersOliveOil
Sunseedman
IN 2013 CALENDAR YEAR;
TURKEY EXPORTED
APPROX. 710 KMT OF VEGOILS.
AND GOT AROUND
1.18 MILLIARD USD
SUNOIL WAS THE BIGGEST EXPORTED VEGOIL WITH 80% SHARE.
Sunseedman
IN 2013 CALENDAR YEAR;
MAJOR 3 DESTINATIONS AS PER VEGOILS ;
SUNOIL; Iraq, Syria, Lebanon
CORNOIL; Libya, Israel, Iran
SOYOIL; Turkish Cyprus, Iraq, Sudan
OLIVEOIL; USA, Spain, ItalySunseedma
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MARGARINEIN 2013;
• TURKEY PRODUCED AROUND 725 KMT,
• TURKEY CONSUMED AROUND 570 KMT ( 415 KMT INDUSTRIAL, 115 KMT BREAKFAST, 40 KMT GHEE-TYPE )
• TURKEY EXPORTED AROUND 155 KMT
Source: MUMSAD
Sunseedman
TURKEY HAS AROUND
4.0 MLN TOF REFINING CAPACITY
AND
1.0 MLN TOF MARGARINE CAPACITY
Sunseedman
IMPORT DUTY RATESFOR MAJOR OILSEEDS/VEGOILS;
Sunseed, 27%, but not less than 216 $/mt ( 800 $/mt reference
price x 0.27 )
Soybean, 0%,Rapeseed, 10%,
Crude Sunoil, 36%,but not less than 540 $/mt ( 1.500 $/mt reference price x
0.36 )
Refined Sunoil, 50%, but not less than 1.000 $/mt ( 2.000 $/mt reference
price x 0.36 )
Other Vegoils, 31.2%
Sunseedman
2014/15 SEASON PROJECTIONS
FOR
SUNSEED AND SUNOIL
Sunseedman
TURKEY WILL RAISE 1.250 KMT OF SUNSEED NEW-CROP SIZE VS RECORD 1.500 KMT OF 2013/14
IN SPITE OF QUITE IDEAL SUMMER WEATHER
CONDITIONS. MAIN REASON OF CROP REDUCTION WAS BEING
LESS LUCRATIVE VS GRAINS, SO ACREAGE LOWERED TO 530 KHA
VS 690 KHA IN 2013/14 SEASON.
Sunseedman
TURKISH LOCAL SUNOIL CONSUMPTION WILL
INCREASE TO AT LEAST 1.000 KMT VS 975 KMT ( 950 EDIBLE + 25 TECHNICAL ) OF 2013/14
WITH INCREASING POPULATION, MORE TOURISTS
( AROUND 35 MLN IN 2013 ) AND SOME SHIFTS FROM
OTHER VEGOILS. Sunseedma
n
TURKISH SUNOIL EXPORTS WILL GET LOWER TO
AROUND 600 KMT VS 685 KMT ( 460 IRAQ + 225 OTHERS ) OF 2013/14WITH GEOPOLITICAL
CONFLICTS IN IRAQ AND SYRIA AND SO LESS
INTERNATIONAL TENDERS BY IRAQ GOVERNMENT.
Sunseedman
FINAL BALANCETurkish Local Sunoil Consumption 1.000 kmt
Turkish Sunoil Exports 600 kmt
Total Sunoil Demand 1.600 kmt
Local Sunoil Production ( 1.250 kmt x 0.42 ) 525 kmtShortage 1.075 kmt
Such shortage will be met by Sunseed and Sunoil imports.
Sunseedman
TURKISH SUNSEED IMPORTS WILL BE
AROUND 900 KMT VS 600 KMT OF 2013/14,
MAINLY FROM MOLDOVA AND PARTLY FROM
BULGARIA, ROMANIA, UKRAINE AND RUSSIA.
Sunseedman
TURKISH SUNOIL IMPORTS WILL BE
AROUND 700 KMT VS 795 KMT OF 2013/14,MAINLY FROM RUSSIA
AND PARTLY FROM UKRAINE AND BOSNIA ( 0% IMPORT-DUTY )
Sunseedman
PRESENTATION
SUMMARY
Sunseedman
• Turkish Agricultural Employment Rate is around 25%.
• Sunflower is the most important oilseed of Turkey.
• Turkey is net importer for oilseeds and vegoils, so paid 2.87 Milliard USD totally ( even 3.68 Milliard USD including Oilmeals ) in 2013 calendar year.
• Turkey will raise 1.25 Mln T ( vs record 1.5 Mln T in 2013/14 ) of Sunseed new-crop size in 2014/15 season.
• Turkey will import 900 kmt ( vs 600 kmt in 2013/14 ) of Sunseed in 2014/15 season.
• Turkey will import 700 kmt ( vs record 795 kmt in 2013/14 ) of SunOil in 2014/15 season.
• Turkey will export 600 kmt ( vs record 685 kmt in 2013/14 ) of SunOil in 2014/15 season.
Sunseedman
Great thanks
Sunseedman