Turkey buys 300,000 tonnes milling wheat in tender, traders say

The tender seeks 300,000 tonnes

  

HAMBURG- Turkey's state grain board TMO has provisionally purchased an estimated 300,000 tonnes of wheat in an international tender for the same volume which closed on Thursday, traders said.

No more purchases are expected.

The tonnages purchased in TMO's tenders are provisional and still subject to final confirmation in coming days. Purchases can be reduced or cancelled completely.

The tender sought wheat with 11.5% and 12.5% protein content shipment to several Turkish ports between Dec. 10 and Dec. 31.

Sales not marked warehouse will be imported.

Traders said some export houses have been shipping Russian wheat into Turkey in advance of sales to escape repeated increases in Russia's export taxes. 

The tender continues an active period of grain importing by Turkey to cool local prices and secure domestic supplies after drought drove down the domestic cereals crop, traders said.

(Reporting by Michael Hogan; Editing by Edmund Blair) ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))


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