Durum wheat market heated up, prices bought by Tunisia, Turks left out

Published Nov 11, 2024

Tridge summary

The global durum wheat market is seeing activity, sparked by a tender by Tunisia to purchase 75 thousand tons of the wheat. The Turkish State Grain Board has published selling prices for November 2024, but due to these prices and import restrictions, exporting from Turkey is not currently profitable. The market might be more competitive for Canadian durum wheat in Italy. Meanwhile, a union in Greece is conducting a tender for the sale of stored soft wheat, durum wheat, and barley.

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

Original content

The global durum wheat market is starting to heat up, after the recent tender held by Tunisia in early November. Specifically, the Tunisian Grain Service (ODC) conducted the tender for the purchase of 75 thousand tons of durum wheat, for shipment from November 20 to December 25, 2024. The companies that bid in the tender were: Meanwhile, the Turkish State Grain Board (TMO) has published November 2024 durum wheat selling prices, which are similar to October 2024. Durum prices in the free market this month range from 11,200 to 11,600 TL/ton or about 305.35 - 319.45 euros/ton. We remind you that imports of durum wheat to Turkey are prohibited until December 31, 2024. At this moment, the FOB sale price of Turkish durum wheat cannot be lower than 328.84 - 333.54 euros/ton. Under these pricing conditions, exporting from Turkey does not seem feasible, as Turkish durum wheat would struggle to compete with the recent Tunisian tender. Likewise Canadian durum wheat has a better chance of ...

Source: Agrotypos