The Rise of Turkey as a Leading Durum Wheat Exporter
A Game-Changing Exporter
Ceyda Caglayan and Gus Trompiz report on Turkey’s remarkable success as a durum wheat exporter, alleviating price concerns for pasta lovers worldwide. Turkey’s unexpected surge in exports has filled the supply gap left by Canada’s drought, stabilizing prices and securing its position as a key durum supplier.
A Sustainable Trend
Once a net importer, Turkey’s shift to becoming a major exporter has surprised the market. With a record-breaking export of 1.5 million metric tons this season, Turkey is poised to sustain its export status in the years to come, according to industry experts.
Strong Crop and Competitive Prices
Turkey’s successful crop last year, combined with attractive prices and improved irrigation practices, has led to increased production and exports. The country’s production is expected to reach a new record this year, surpassing domestic consumption levels and meeting export demands.
Market Impact and Relief for Consumers
Turkish exports, alongside shipments from Russia and Kazakhstan, have benefitted pasta producers in Italy by offering competitive prices. The lower durum prices have resulted in a decrease in retail pasta prices in Italy, providing relief for consumers.
Future Prospects and Challenges
With Europe considering tariffs on Russian grain and climate challenges affecting traditional durum suppliers, Turkey’s role in the global durum market is becoming increasingly crucial. However, concerns remain about Turkey’s state-managed grain supply and climate risks.
Export Uncertainties
The export campaign this season has been marked by uncertainties, with the authorities controlling export volumes. The cancellation of export tenders by the state grain agency has added to the unpredictability in the market, creating challenges for traders.
