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HAMBURG, Aug 4 (Reuters) – The bottom value within the first spherical of presents within the tender from Turkey’s state grain board TMO to buy round 395,00zero tonnes of milling wheat on Wednesday was believed to be $297.50 a tonne c&f, merchants mentioned in preliminary assessments.
The provide was believed to have been made for 25,00zero tonnes by buying and selling home Avere for cargo to the port of Derince, they mentioned.
No buy has but been made and talks proceed, merchants mentioned. The TMO historically goes into a number of rounds of negotiations in its tenders searching for decrease costs than preliminary presents.
Wheat cargo is sought between Sept. 16 and Sept. 30 to a sequence of Turkish ports.
The bottom value was adopted by presents, all per tonne c&f, for cargo to different ports together with $310.00 to Iskenderun, $302.50 to Mersin, $313.28 to Izmir, $302.00 to Bandirma, $301.00 to Tekirdag, $298.68 to Samsun, $304.87 to Trabzon and $303.87 to Karasu.
Some presents had 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 concern dry climate this summer time will minimize Turkey’s cereals harvest.
However the TMO on Tuesday cancelled a young for animal feed barley after provisionally awarding 515,00zero tonnes as costs had been too excessive.
In its final reported wheat tender on July 13, the TMO purchased 395,00zero tonnes on the lowest value of $253.88 a tonne c&f.
Costs within the Black Sea area have risen sharply in latest weeks largely on fears about crop harm in Russia.
(Reporting by Michael Hogan, enhancing by Louise Heavens)
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