Turkish and Russian traders have reported that Turkey has imposed new import restrictions on Russian wheat now Russia should account for 20-25% of all issued import licenses, reported the analytical center "Sovekon". The Ministry of agriculture reported that the information they received.

We are talking about licenses for the supply of wheat in the mode of internal recycling: this license allows you to put grain into the country duty-free for processing and subsequent export, explains one of the traders, this mode operates in Turkey for all countries to protect the domestic market.

Turkey decided quotas on supplies of Russian wheat, says Director of "Sovekon" Andrei Sizov, this is probably due to the fact that Russia lifted the ban on tomatoes not fully. In addition, the Turkish Committee on grain not included in the number of possible suppliers of corn for the tender which was held in may, he recalls.

"It was naive to believe that the Turks will so easily give up the idea to return right to the supply of tomatoes" — says one of the Russian traders. Turkey, like Russia protects its market, he continues, but it turns out that in order to take advantage of the duty free regime for importation of Russian wheat, the Turkish importer has to figure out where to buy 75% of the wheat, and then 25% it can import from Russia. This creates a lot of problems for importers, they need to change the logistics, create some new scheme of deliveries. Plus suffer small millers: the party less than 3000 t they can not buy, and 12,000 tonnes to meet these requirements, they are simply not necessary, continues with another Russian exporter. In this situation, they are forced to completely abandon purchases in Russia, says the exporter. If Turkey will continue to limit the purchase of Russian grain, the excess will spill over to the market and will put pressure on prices, he concludes.

Exporters operating at low water, will have to refocus on road handling and deep-water ports to expand cooperation with other buyers, says Director of strategic marketing and corporate communications of "Rusagrotrans" Igor Pavensky.

The decrease in the presence of the second largest buyer ahead of the new season, when contracts are awarded, is particularly sensitive: in the first three months of the current season in Turkey sent to 844 000 tonnes, or 13% of total exports. Moreover, in the future competition in the global market will become stronger – growing supply of wheat from EU countries into the market, warns the expert.

World prices for new crop low – $173-174 per 1 ton of the same they were a year ago, but since then the ruble has appreciated and the profitability of producers and exporters will be even lower, concludes I. Pavensky.