Day price is 30 cents and above for durum wheat, 966,000 tons, based on Coceral estimates for the Greek harvest

The last touch in a series of developments that significantly strengthen the negotiating position of the producers, was the announcement of the Turkish Grain Authority (TMO) that it will not allow exports of new harvest at a lower price than 360 dollars per ton FOB their port. The conversion to our own currency yields 330 euros per ton, which leaves room for prices around 30 cents for the Turkish producer as well. In other words, the hitherto argument of the domestic trade about cheaper Turkish wheat is no longer valid. As far as the domestic durum wheat market is concerned, it is now a question of tongues and rumors turning into clean talk and prices. In relation to other years, the trade is very hesitant to announce prices, while from the Italian side the argument is heard a lot that Spain's good harvest will cover their own needs at the beginning of the season with 320 euros FOB their port. The issue here is that the country's available tonnage is meager compared to the 2 ...