US-Türkiye Trade Agreement Boosts Sugar Imports
A recent bilateral trade agreement between the United States and Türkiye has reduced tariffs on other sugars (HS Code 1702), including chemically pure lactose and glucose, facilitating an increase in exports from the US to Türkiye.
2023-10-15
Impact: This agreement is expected to increase US exports of sugar products to Türkiye by 15% over the next year, strengthening trade ties.
Türkiye Increases Demand for US Glucose Syrups
Türkiye's food processing industry has ramped up imports of glucose syrups from the US to meet growing domestic demand, with shipments rising by 10% in the last quarter.
2023-09-22
Impact: The surge in demand may lead to tighter supply in the US domestic market, potentially increasing prices for glucose syrups.
Supply Chain Disruptions Affect US-Türkiye Sugar Trade
Logistical challenges and port delays in the US have temporarily slowed the export of solid form sugars, including fructose, to Türkiye, causing a backlog of orders.
2023-08-05
Impact: Delays could result in short-term shortages in Türkiye, potentially increasing costs for importers and affecting bilateral trade volume.
