What is the price of maize (corn) oil per kilogram/pound in Turkey today?
The retail price range for Turkey maize (corn) oil is between US$ 3.43 and US$ 8.13 per kilogram or between US$ 1.55 and US$ 3.69 per pound(lb). Click here to see today's exact prices of maize (corn) oil in Turkey
The retail price range in Turkish Lira for maize (corn) oil is between TRY 67.92 and TRY 161.07 per kilogram or between TRY 30.80 and TRY 73.05 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey maize (corn) oil is between US$ 2.40 and US$ 5.69 per kilogram or between US$ 1.09 and US$ 2.58 per pound(lb).
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Turkey Maize (corn) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Maize (Corn) Oil from Turkey has seen a steady decline over the last five years. In 2017, the price was 1.44 US $ per kg, which dropped to 1.25 US $ per kg in 2018. The price then decreased further to 1.04 US $ per kg in 2019, before rising to 1.23 US $ per kg in 2020. The most recent data shows that the price has increased to 1.63 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Maize (Corn) Oil from Turkey will be 1.51 US $ per kg in 2023 and 1.39 US $ per kg in 2024.The Turkey maize (corn) oil exports are classified as:
- Crude maize oil (HS code 151521)
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
Turkey Maize (corn) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Maize (Corn) Oil into Turkey has seen a steady decline over the last five years. In 2017, the price was 1.44 US dollars per kg, which dropped to 1.25 US dollars per kg in 2018. This downward trend continued in 2019, when the price was 1.04 US dollars per kg, and in 2020, when it was 1.23 US dollars per kg. However, in 2021, the price increased to 1.63 US dollars per kg, before dropping again to 1.93 US dollars per kg in 2022. Based on this data, it is likely that the import price per kilogram of Maize (Corn) Oil into Turkey will remain around 1.90 US dollars per kg in 2023, and will increase slightly to around 2.00 US dollars per kg in 2024.Export values for Turkey maize (corn) oil
The total values in export for maize (corn) oil in Turkey were US$ 69,916, US$ 44,577, US$ 54,553 and US$ 54,399 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Turkey: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of maize (corn) oil in other countries across Middle East: Bahrain maize (corn) oil, Cyprus maize (corn) oil, Iraq maize (corn) oil, Israel maize (corn) oil, Jordan maize (corn) oil, Kuwait maize (corn) oil, Lebanon maize (corn) oil, Palestine maize (corn) oil, Oman maize (corn) oil & Qatar maize (corn) oil.
Turkey maize (corn) oil - Production, Exports, Imports, Seasons and HS Codes
The volume of maize (corn) oil shipped by Turkey in 2020 was 61,520 metric tonnes. In 2019 Turkey shipped 49,468 tonnes of maize (corn) oil. In 2019 alone, the demand for Turkey maize (corn) oil (processed category) has escalated, with a change of 13.738 % compared to the year 2018. Between 2017 and 2019, maize (corn) oil's exports increased by 60.1 pc bringing the nation US$54.40m for the year 2019. Turkey's maize (corn) oil exports are categorised as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
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Turkey maize (corn) oil export values
In 2019, Turkey supplied maize (corn) oil worth 54.40m USD, a decrease of -0.28% from 2018's total maize (corn) oil export of 54.553m USD. The annual change in value of Turkey maize (corn) oil between 2017 to 2018 was 22.379%.
The per year variation in the volume of Turkey's maize (corn) oil exports between 2017 and 2019 was 60.1% compared to a variation of 13.738% in the period between 2018 and 2019.
Export markets for Turkey maize (corn) oil ( in '000$ )
Turkey's leading destinations for maize (corn) oil are Libya, Georgia, Israel, Azerbaijan and Saudi Arabia.
Turkey procured 33,191 tonnes of maize (corn) oil in 2019.