turkish oilseeds &vegoils outlook september 09, 2014, hilton kiev, ukraine black sea oil...
TRANSCRIPT
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TURKISH OILSEEDS &VEGOILS
OUTLOOK
September 09, 2014, HILTON KIEV, UKRAINE
BLACK SEA OIL TRADE-2014
Sunseedman
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STRUCTURE OF PRESENTATION
1-Turkish AgriFacts
2 – Turkish Oilseeds Outlook
3- Turkish Vegoils Outlook
4 – 2014/15 Season Projections
5- Presentation Summary
Sunseedman
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Turkish AgriFacts
Source: www.fanack.com
Sunseedman
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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
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TURKISH OILSEEDS OUTLOOK
Sunseedman
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TURKISH OILSEEDS PRODUCTION( 1000 TONS ) 2013/14 Season Crop Sizes
Sunseed 1500
Cottonseed 950
Soybean 130
Rapeseed 70 Safflowerseed 45
SunseedCottonseedSoybeanRapeseedSafflowerseed
Sunseedman
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IN 2013/14 SEASON;
TURKEY RAISED
APPROX. 2.7 MLN T OF OILSEEDS.
SUNFLOWERSEED WAS THE BIGGEST RAISED OILSEED
WITH 55% SHARE.Sunseedma
n
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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
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IN 2013/14 SEASON;
TURKEY CRUSHED
APPROX. 3.85 MLN T OF OILSEEDS.
SUNFLOWERSEED WAS THE BIGGEST CRUSHED OILSEED
WITH 55% SHARE.
Sunseedman
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TURKEY HAS AROUND
8.0 MLN TOF CRUSHING CAPACITY
BUT ONLY
HALF-CAPACITY USAGESunseedma
n
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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
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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
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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
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IN 2013 CALENDAR YEAR;
TURKEY EXPORTED
ALMOST NIL OF OILSEEDS
EXCEPT SOME HYBRID SALES AND
INSIGNIFICANT NEIGHBOOR PARTIES.
Sunseedman
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TURKISH VEGOILS
OUTLOOK
Sunseedman
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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
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IN 2013/14 SEASON;
TURKEY PRODUCED
APPROX. 1.49 MLN T OF VEGOILS.
SUNOIL WAS THE MOST PRODUCED VEGOIL
WITH 60% SHARE.Sunseedma
n
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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
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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
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TURKISH VEGOILS IMPORTS ( 1000 TONS )
SunOil 632
PalmOil 592
PalmKernelOil 93
CornOil 40 Soyoil 6 Others 28 2013 Calendar Year Imports
SunOilPalmOilPalmKernelOilCornOilSoyoilOthers
Sunseedman
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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
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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
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TURKISH VEGOILS EXPORTS ( 1000 TONS )
SunOil 569
CornOil 30
SoyOil 10
Others 9
OliveOil 922013 Calendar Year Exports
SunOilCornOilSoyOilOthersOliveOil
Sunseedman
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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
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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
n
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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
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TURKEY HAS AROUND
4.0 MLN TOF REFINING CAPACITY
AND
1.0 MLN TOF MARGARINE CAPACITY
Sunseedman
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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
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2014/15 SEASON PROJECTIONS
FOR
SUNSEED AND SUNOIL
Sunseedman
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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
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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
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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
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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
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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
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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
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PRESENTATION
SUMMARY
Sunseedman
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• 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
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Great thanks
Sunseedman