Adds further purchases, costs, element
HAMBURG, Aug 4 (Reuters) – Turkey’s state grain board TMO has began making provisional purchases of wheat in a world tender which closed on Wednesday with about 150,000 tonnes initially purchased, merchants mentioned.
The tender seeks 395,000 tonnes and extra purchases are anticipated afterward Wednesday.
The tonnages bought and costs are nonetheless topic to closing affirmation in coming days. Purchases in tenders may be lowered or cancelled fully by the TMO.
Wheat cargo is sought between Sept. 16 and Sept. 30 to a sequence of Turkish ports.
Merchants reported these provisional purchases with port of unloading, vendor, quantity in tonnes, protein content material and value in {dollars} a tonne c&f:
Port Vendor Quantity Protein Value
Derince Viterra 50,000 tonnes 11.5% $297.40
Bandırma Orsett 25,000 tonnes 12.5% $302.00
Bandırma GTCS 25,000 tonnes 11.5% $299.90
Tekirdag Erser 25,000 tonnes 11.5% $299.50
Tekirdag GTCS 25,000 tonnes 11.5% $304.00
Some gives within the tender have been made utilizing native provides from warehouses in Turkey.
The tender continues an lively interval of grain importing by Turkey to keep up native provides. Merchants worry dry climate this summer season will lower Turkey’s cereals harvest.
However the TMO on Tuesday cancelled a young for animal feed barley after provisionally awarding 515,000 tonnes as costs have been too excessive.
In its final reported wheat tender on July 13, the TMO purchased 395,000 tonnes on the lowest value of $253.88 a tonne c&f.
Costs within the Black Sea area have risen sharply in current weeks largely on fears about crop injury in Russia.
(Reporting by Michael Hogan, modifying by Louise Heavens)
(([email protected]; +49 172 671 36 54; Reuters Messaging: [email protected]))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.