News

Turkish and Ukrainian grain is being massively imported into Europe and driving down prices

Durum Wheat
Grains, Cereal & Legumes
Market & Price Trends
Published Feb 23, 2024

Tridge summary

European grain producers are facing price pressures due to increased exports from Ukraine and Turkey. Turkey's state grain organization is proceeding with a tender sale of 150,000 tons of durum wheat, causing a surge in exports. Concurrently, duty-free grain imports from Ukraine are leading to protests in Poland and Spain as domestic grain prices plummet. The article advocates for imported products to adhere to the same production and marketing standards as European ones.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Ukrainian and Turkish grains have created problems in the EU market and have brought great price "pressures" and despair to European producers. At the same time, the European Commission as well as the national governments look awkwardly at the agricultural mobilizations. Turkey's resurgence in durum wheat exports to Mediterranean countries has caused problems in international markets. As announced by the country's state grain organization (TMO), it is proceeding with a tender sale of 150,000 tons of durum wheat, with a higher FOB price of $404.80 per ton (373.02 euros per ton). For February 20, 2024, TMO gives an exchange price for Turkish durum wheat at $331 per ton (€305.17 per ton). Turkey is drawing on large reserves of durum wheat (of unknown origin) and has managed to reverse its usual role from importer to exporter. Meanwhile, farmers in Ukraine have started spring sowing of grain. According to the forecasts of the Ministry of Agriculture of Ukraine, the area of spring ...
Source: Agrotypos
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.