Turkey gets offers in 310,000 tonne barley purchase tender

The lowest price offered in the first round of the tender from Turkey’s state grain board TMO to buy 310,000 tonnes of animal feed barley on Friday was believed to be $316.50 a tonne c&f, traders said in initial assessments.

No purchase has yet been reported, they said. The TMO traditionally undertakes several rounds of negotiations in tenders seeking lower offers each round.

The offer was said to have been submitted by trading house VA Intertrading for 25,000 tonnes for shipment to the port of Bandirma.

This was followed by offers for shipment to other ports including $317.70, $318.59, $319.40 and $319.80 all per tonne c&f.

Shipment in the tender is sought between Nov. 5 and Nov. 25.

Both imports and supplies already in Turkey can be offered in the tender.

A series of consignments are sought for unloading in the Turkish ports of Derince, Iskenderun, Mersin, Izmir, Bandirma, Tekirdag, Samsun, Trabzon and Karasu.

The TMO reserves the right to buy up to 5% more or less than the tender volume at its own discretion, the traders said.

The tenders continue recent brisk grain import demand from Turkey to ensure good domestic supplies, with traders saying the country’s crops suffered drought damage.
Source: Reuters (Reporting by Michael Hogan, editing by Susan Fenton)