11.
11.20
10:31

Turkey receives offers on wheat tendering

The lowest price in the first round of offers from the Turkish state grain authority TMO for the purchase of around 550,000 tons of durum wheat is according to initial estimates at USD 272 per tonne c & f.
It is believed that the offer of the trading company GTCS for 30,000 tons of wheat with a protein content of 12.5% for shipment to the port of Samsun was agreed.
But officially no purchase has been made yet.
The TMO traditionally carries out several rounds of negotiations in its tenders in order to achieve lower prices than the original offers.
The tender was looking for wheat with different protein content for shipment between November 24th and December 18th for a number of different ports in Turkey.
For 12.5% protein wheat, the lowest price for shipping to the port of Trabzon is said to be USD 275 per ton of c & f, the lowest for Tekirdag USD 274 per ton of c & f, for Bandirma USD 273 per ton of c & f and for Izmir USD 275 per ton of c & f , Mersin USD 275 per ton of c & f, Iskenderun USD 275 per ton of c & f and Derince USD 273.47 per ton of c & f.
The lowest price for 13.5% protein wheat was $ 279.22 per tonne of c & f for shipping to Mersin.
The tender continues an active phase of grain imports through Turkey to cool down local high prices and support the country's large flour export program.
In its last reported wheat tender on October 22, the TMO bought around 175,000 tons.

Source
Hansa Terminhandel GmbH
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