Turkey starts buying milling wheat in tender, traders say
Turkey’s state grain board TMO has started making provisional purchases of wheat in an international tender which closed on Tuesday with about 50,000 tonnes initially bought, traders said.
The tender seeks 335,000 tonnes and more purchases are expected later on Tuesday.
The tonnages purchased in TMO’s tenders are provisional and still subject to final confirmation in coming days. Purchases can be reduced or cancelled completely.
The first purchase was said to have made in two 25,000 tonne consignments at $345.70 a tonne c&f and $345.80 a tonne c&f for delivery to the port of Iskenderun, traders said.
Source: Reuters (Reporting by Michael Hogan)