Raises complete purchased to this point to 200,000 tonnes, provides worth desk
HAMBURG, Sept 7 (Reuters) – Turkey’s state grain board TMO initially purchased about 200,000 tonnes of animal feed barley from elective origins in a young that closed on Tuesday, European merchants stated.
The tender sought a complete 245,000 tonnes and extra purchases are anticipated afterward Tuesday.
Purchases are provisional and topic to closing affirmation in coming days.
Speedy cargo is sought between Sept. 15 and Oct. eight to various ports, with provides already in warehouses in Turkey additionally in a position to be provided.
“I believe that some exporters have made advance shipments of grains to Turkey to flee potential rises in Russia’s import taxes,” one dealer stated.
Merchants stated these purchases have been made in {dollars} a tonne c&f, with port of unloading, tonnes bought, vendor and if the provides are to come back from a warehouse inside Turkey:
Port Tonnes Vendor Worth If warehouse
Derince 25,000 Ulusoy $299.70
Iskenderun 25,000 Erkan Agro $294.00 warehouse
Iskenderun 25,000 Viterra $295.72 warehouse
Mersin 25,000 Viterra $297.72 warehouse
Izmir 25,000 Ucel Tarim $314.70 warehouse
Izmir 25,000 GTCS $309.70
Bandirma 25,000 Aston $302.90
Tekirdag 25,000 Kibar $291.90
Turkey is at the moment importing grain to safe native provides with commerce expectations that the nation’s grain crop fell sharply this yr.
In its final barley tender in August, the TMO purchased 245,000 tonnes after initially buying 270,000 tonnes.
(Reporting by Michael Hogan, enhancing by Susan Fenton)
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