Turkey launches tender to export 0.1mn tonnes of durum wheat

Published 2024년 12월 3일

Tridge summary

Turkey's grain board, TMO, will conduct a tender on December 4 to sell 0.1 million tonnes of durum wheat at expected prices, following the sale of 75,000 tonnes at $366 per tonne in May. The current average price for durum wheat in the domestic market is $317 per tonne. TMO also sells barley to local farmers at varying prices. Turkey has transitioned from being a wheat importer to a natural gas, oil, and barley exporter, largely due to re-exports of Russian products, as forecasted by the USDA to export 2 million tonnes of durum wheat between June 2024 and June 2025.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Turkey’s grain board TMO will on December 4 hold a tender to collect bids for the export of 0.1mn tonnes of durum wheat, or pasta wheat, TMO said on November 28. In May, TMO sold 75,000 tonnes of durum at an average price of $366/tonne. Table: TMO’s wheat export tenders. As of November 28, the average durum wheat price on Turkey’s domestic market stood at $317 per tonne. TMO sells barley to local farmers at TRY 9,500-11,990 ($274-346) per tonne. Turkey, a former wheat importer, has also become a natural gas, oil and barley exporter thanks to re-exports of Russian products to overcome the Ukraine War sanctions. According to the latest Turkey grains annual forecast released in April by the US Department of Agriculture (USDA), Turkey is expected to export 2mn tonnes of durum between June 2024 and June 2025. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is ...

Source: UkrAgroConsult