Turkey provisionally buys 325,000 tonnes in corn tender, say traders

The corn was booked on an optional-origin basis

  

PARIS- Turkish grain board TMO provisionally bought 325,000 tonnes of animal feed corn in an international tender on Thursday, European traders said.

That was more than estimated in earlier trader assessments and matched the volume TMO had been seeking. 

Purchases in all TMO tenders are provisional and subject to final confirmation in the following days.

The corn tender continues recent brisk grain import demand from Turkey to bolster domestic supplies, with traders saying the country’s crops suffered drought damage. 

The corn was booked on an optional-origin basis.

Shipment in the tender was sought between Nov. 15 and Dec. 6 for unloading in the Turkish ports of Derince, Iskenderun, Mersin, Izmir, Bandirma, Tekirdag, Samsun and Karasu.

Both imports and supplies already in warehouses in Turkey can be offered in the tender. Traders believe some export houses have moved grains into Turkey in advance to escape rises in Russian grain export taxes. 

(Reporting by Michael Hogan Writing by Gus Trompiz Editing by David Goodman and Jason Neely) ((gus.trompiz@thomsonreuters.com; +33 1 49 49 52 18; Reuters Messaging: gus.trompiz.thomsonreuters.com@reuters.net))


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