Turkey: Let the wheat price be announced after the market conditions are established
Wheat
Turkiye
Published May 25, 2022
Tridge summary
With only a few days before the start of the harvest, the producer's eyes and ears are on the purchase price of TMO. TFIF President Haluk Tezcan asked TMO to explain the price according to market conditions so that the farmer would not be victimized as it was the previous year. Tezcan said that it would be correct to announce the price in June and July. The base price of wheat, which is expected to be announced by the Turkish Grain Board (TMO) with the start of the new harvest season, is eagerly awaited in the market.
Original content
Price expectations are also coming from the producers regarding the wheat price. Haluk Tezcan, President of Turkish Flour Industrialists' Federation (TUSAF), noted that it would be more accurate to announce the purchase price of TMO after free market conditions are established. Tezcan said, “The base price of wheat must be determined correctly,” and said, “When it was announced last year, it was a very good price in the first period, but 15 days passed and the price remained low as a result of the changing balances in the world. That's why I think it would be more beneficial to act more cautiously while determining the wheat price and to announce it in late June or July if necessary. Because the market is not low at the moment," he said. “Farmers should not be victimized” Stating that it would be more appropriate for the state to take a position in wheat prices according to the market conditions, Haluk Tezcan stated that, as last year, the base prices should be announced and our ...
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