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 Thursday with about 50,000 tonnes initially bought, traders said.

The tender seeks 300,000 tonnes and more purchases are expected later on Thursday.

The first purchases were made at $345.50 a tonne c&f and $356 a tonne c&f for two 25,000 tonne consignments delivery to the port of Iskenderun, involving supplies already in warehouses in Turkey, traders said.

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.
Source: Reuters (Reporting by Michael Hogan)