Turkey’s TMO tenders for 550k mt of Nov-Dec milling wheat

Turkish state grain buyer returned to the market looking for 550,000 mt of milling wheat for November - December shipment

Turkey’s state grain buyer returned to the market looking for 550,000 mt of milling wheat for November-December shipment, an official notice showed  Monday.

The Turkish Grain Board (TMO) is inviting offers for red milling wheat in 25,000-30,000 mt parcels to be delivered into the Derince, Iskenderun, Mersin, Izmir, Bandirma, Tekirdag, Samsun, and Trabzon for November 24-December 18.

The tender is set to close on November 11.

At its previous tender, closed October 22, TMO booked 125,000 mt of 12.5% wheat at an average $270.04/mt CFR and 50,000 mt of 13.5% at an average $276.70/mt CFR for November 9-24 shipment.

The tender comes a week after Turkey zeroed a 45% wheat import tax until January 2021 in an attempt to stabilise rising domestic prices.

Earlier in October, the USDA raised its Turkish wheat import forecast to 8.1 million mt for the 2020/21 marketing year.

Details of TMO’s recent tenders can be found on our Tender Dashboard.

What to read next
Russia’s wheat export volumes from Black Sea ports totaled 169,850 tonnes in the week ended Wednesday May 21, compared with 355,375 tonnes loaded in the previous week, according to Fastmarkets analytics data published on Thursday May 22.
Investors in the US corn and wheat markets amassed shorts in the week to Tuesday May 13, moving corn from a net long to a net short for the first time since October, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday May 16.
The UK’s domestic bioethanol industry could be at risk as a result of the recent trade deal announced between the UK and the US, industry members have warned.
Read Fastmarkets' wheat market update ahead of USDA report release
AG-WHE-0019 Wheat Feed wheat FOB Ukraine $/mt (M2) was incorrectly published as $233 per tonne. It has been corrected to $217 per tonne. Fastmarkets’ pricing database has been updated to reflect this change. These prices are part of the Fastmarkets Ags Grains package. For more information or to provide feedback on this correction notice or if you […]
This consultation, which is open until May 30, 2025, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. You can […]