Turkey Eliminates Lentil Duties
PANAMA - Jan 7/22 - SNS -- International lentil markets are starting to the 2022 calendar year on a relatively optimistic note because of Turkey's decision to extend its elimination of import duties until December 31.
Commenting on the announcement, the U.S. agricultural attache for the country said, "The announcement of a dramatic change in agricultural and food tariffs for the entire calendar year is an extremely unusual move, which signals the Government's concern about the inability to control food inflation in the short-to-medium term.
"The new zero tariffs are valid through December 31, 2022. If there is no extension, as of January 1, 2023, the tariffs will revert to former levels, which range from 19.3% to 130%, depending on the commodity."
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