We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry. current time
Early TMO Wheat Sales Set to Curb Turkey’s Import Appetite
Turkey’s state grain agency TMO has started selling wheat from government reserves from September 1, earlier than the market had anticipated. The move is expected to increase domestic availability and could reduce the country’s requirement for imported wheat in the coming weeks.
Market participants had generally expected reserve sales to begin around mid-September or from October 1. This had encouraged Turkish millers and traders to focus their import purchases on prompt shipments, particularly for delivery by September 15.
TMO has placed 12.5% protein wheat from its reserves at around TRY 18,500 per tonne, equivalent to roughly $380 per tonne on an EXW basis. The additional domestic supply could make it harder for overseas suppliers to maintain competitive prices.
Current import economics also suggest limited room for higher-priced foreign wheat. After accounting for import licence costs and logistics, the estimated maximum import parity stands at about $295 per tonne CIF Marmara. Imported wheat offered above this level may struggle to compete with grain released from government stocks.
The timing and scale of TMO’s sales will now be important for the Turkish wheat market. If reserve stocks are released steadily and in significant volumes, import demand could weaken further and place downward pressure on offers from international suppliers.
Turkish buyers are therefore likely to adopt a more cautious approach until there is greater clarity on how much wheat TMO will release and how quickly it will enter the domestic market. Near-term import activity is expected to depend largely on the availability and pricing of government-held grain.
