What is the price of soya beans per kilogram/pound in Turkey today?
The retail price range for Turkey soya beans is between US$ 6.25 and US$ 6.78 per kilogram or between US$ 2.83 and US$ 3.08 per pound(lb). Click here to see today's exact prices of soya beans in Turkey
The retail price range in Turkish Lira for soya beans is between TRY 123.79 and TRY 134.36 per kilogram or between TRY 56.14 and TRY 60.93 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey soya beans is between US$ 4.37 and US$ 4.75 per kilogram or between US$ 1.98 and US$ 2.15 per pound(lb).
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Turkey Soya Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soya Beans from Turkey over the last five years has seen a steady decline. In 2012, the price was 0.82 US dollars per kg, and by 2021, it had dropped to 0.63 US dollars per kg. The lowest price was recorded in 2019, at 0.48 US dollars per kg. However, the price has seen an increase in the last two years, with 0.57 US dollars per kg in 2018 and 0.63 US dollars per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Soya Beans from Turkey in 2023 will be 0.68 US dollars per kg, and in 2024, it will be 0.73 US dollars per kg.The exports of soya beans from Turkey are classified as:
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
- Soya beans, whether or not broken (HS code 120100)
Turkey Soya Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soya Beans into Turkey has seen a steady decline over the last five years. In 2012, the price was 0.82 US dollars per kg, and by 2021, it had dropped to 0.63 US dollars per kg. This downward trend continued in 2022, with the price dropping to 0.81 US dollars per kg. Based on this trend, it is likely that the import price per kilogram of Soya Beans into Turkey will continue to decrease in 2023 and 2024, with an estimated price of 0.77 US dollars per kg and 0.73 US dollars per kg respectively.Export values for Turkey soya beans
The total values in export for soya beans in Turkey were US$ 109,501, US$ 44,854, US$ 12,079 and US$ 6,144 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in Turkey: Wheat, Rye, Barley, Oats, Maize, Rice, Sorghum, Buckwheet, Millet & Canary seed.
See prices of soya beans in other countries across Middle East: Bahrain soya beans, Cyprus soya beans, Iraq soya beans, Israel soya beans, Jordan soya beans, Kuwait soya beans, Lebanon soya beans, Palestine soya beans, Oman soya beans & Qatar soya beans.
Turkey soya beans - Production, Exports, Imports, Seasons and HS Codes
The quantity of soya beans shipped by Turkey in 2020 was 78,287 metric tons. In 2019 Turkey sold 13,119 tonnes of soya beans. For 2019 alone, the demand for Turkey soya beans (cereals/grains category) has shrunk, with a change of -38.179 pc compared to the year 2018. Between 2017 and 2019, soya beans' exports reduced by -83.91% netting the exporter US$6.14m for the year 2019. Turkey's soya beans exports are classified as:
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (HS code 120100)
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Turkey soya beans export values
In 2019, Turkey sold soya beans with a value of 6.14m USD, a reduction of -49.17% from 2018's total soya beans export of 12.079m USD. The yearly change in value of Turkey soya beans between 2017 to 2018 was -73.07%.
The annual change in the volume of Turkey's soya beans exports between 2017 and 2019 was -83.91 percent when compared to a variation of -38.179% in the growth rate between 2018 and 2019.
Turkey's stake of the world's total soya beans' exports in 2019 was 3 percent. Turkey is ranked number 6 in world exports of soya beans.
Export markets for Turkey soya beans ( in '000$ )
Turkey's best performing export markets for soya beans are US, Qatar, Israel, Syria and Afghanistan.
Import/Export Trends
Turkey is a net exporter of soya beans. The annual growth of Turkey soya beans in value between 2015 to 2019 was 28%, per annum, while annual growth in quantity was 24%, per annum.
Turkey ordered 2,636,796 tonnes of soya beans in 2019.
Production
The production of soya beans in Turkey was 450,000 tonnes in 2019 and is estimated to change by an average of 7.14%. The country had approximately 105,885.00 hectares under soya beans cultivation.