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Turkey tenders to buy about 495,000 tonnes wheat - traders.
Oct 18, 2022

Turkey's state grain board TMO has issued an international tender to purchase about 495,000 tonnes of milling wheat, European traders said on Monday.

The deadline for submission of price offers in the wheat tender is Oct. 21.

Wheat shipment is sought in two periods, from Nov. 1 to Nov. 22, and between Nov. 21 and Dec 13.

Red milling wheat is sought in a series of consignments to the Turkish ports of Derince, Iskenderun, Mersin, Izmir, Bandirma, Tekirdag, Samsun, Trabzon and Karasu.

Wheat already in warehouses in Turkey can also be offered in the tender. 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 tender continues an active period of grain importing by Turkey. The TMO on Oct. 11 also bought 495,000 tonnes of animal feed barley in an international tender for the same volume.

Wheat exports from India, also the world's second biggest consumer of the staple, surged after Russia's invasion of Ukraine hit supplies from the Black Sea region, resulting in a jump in global prices.

After banning wheat exports in May, the government of Prime Minister Narendra Modi restricted wheat flour exports in August to keep a lid on local prices.

The ban on wheat exports boosted demand for Indian wheat flour and the country's flour exports jumped 200% during April-July 2022 from a year earlier, lifting prices in the local market.

Close on the heels of the ban on overseas sales of wheat, India restricted rice exports as scant rains in the east affected planting of the most water-thirsty crop.

India's protectionist measures have stoked fears of food shortages in some of the world's most needy and vulnerable countries in Asia and Africa.

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