The majority of Turkish traders dealing with grains and vegetable oils trade do not suppose that Turkey will apply any restrictions as to imports of Russian agricultural products.
At the same time, single operators point out certain delays of shipments of goods from Russia. Moreover, Turkish operators do not believe that Ukrainian products can fully replace Russian supplies, particularly at the grain market, as the quality of Russian milling wheat (the key grain supplied to Turkey) is higher than that of Ukrainian. At the same time, there can be partial replacement in the sector of sunflower oil and meal, and wheat bran. However, traders anticipate increase of price for Ukrainian sunflower by-products and bran.
In general, the majority of Turkish traders consider the current situation as short-dated and rely on full renewal of trade cooperation between Russia and Turkey within next 6 months.
