Turkey provisionally buys milling wheat in tender - traders

The tonnages purchased and prices are still subject to final confirmation in coming days

  

HAMBURG- Turkey's state grain board TMO has provisionally bought some 395,000 tonnes of wheat in an international tender for the same volume which closed on Wednesday, traders said.

The tonnages purchased and prices are still subject to final confirmation in coming days. Purchases in tenders can be reduced or cancelled completely by the TMO.

Wheat shipment is sought between Sept. 16 and Sept. 30 to a series of Turkish ports.

Some offers in the tender were made using local supplies from warehouses in Turkey.

The tender continues an active period of grain importing by Turkey to maintain local supplies. Traders fear dry weather this summer will cut Turkey’s cereals harvest.

But the TMO on Tuesday cancelled a tender for animal feed barley after provisionally awarding 515,000 tonnes as prices were too high. 

In its last reported wheat tender on July 13, the TMO bought 395,000 tonnes at the lowest price of $253.88 a tonne c&f.

Prices in the Black Sea region have risen sharply in recent weeks largely on fears about crop damage in Russia.

(Reporting by Michael Hogan; editing by Louise Heavens and Jason Neely) ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))


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