Turkey's soybean imports have increased by about 30 percent over the past three or four years and are expected to rise by another 200,000 MT in 2015/16. In turn, this is impacting the volume of soymeal it imports, mainly from South America.

  Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran's agriculture minister is forecasting that domestic wheat production will reach 11 MMT this year and imports will drop by about 20 percent to below 2 MMT. Most of the grain trade believes this is an unrealistic estimate. Looking at the most recent FAO report on Iran, 6.3 MMT will need to be imported along with 5.3 MMT of maize and 1.7 MMT of barley.Egypt's supply ministry has announced that based on current inventory and stocks on orde...