October 16th, 2020 – Turkish Grain Board (TMO) announced the prices which will be valid for October 2020. TMO informed about its main tasks to as follows; To prevent the prices of cereals and legumes from falling below normal in terms of producers, from rising abnormally against the consumer public and to take measures to regulate the market of these products.
TMO informed that it is estimated that wheat production, which was 19 million tons in 2019, will increase by 8% to 20.5 million tons in 2020, and barley production, which was 7.6 million tons in 2019, will increase by 9% to 8.3 million tons in 2020 (TURKSTAT).
Considering that the wheat consumption is around 19 million tons, Turkey’s production is at levels to meet domestic consumption.
However, it is observed that there is an expectation that the price increases in domestic markets will continue due to the rainfall in some regions during the harvest period causing some loss of quality, and the recent increase in foreign markets and the exchange rate.
The Turkish Grain Board emphasised at the same time that the organization creates its stocks primarily through domestic purchases during the harvest period, and after the harvest period is over, it reinforces its stocks with import without causing our producers to suffer. Imports are carried out to ensure stability in the domestic market, to protect the consumer and to prevent speculative price movements during the season.
TMO added that grain markets and price increases are closely monitored by TMO organization, and within this scope, it has been decided that 305 thousand tons of wheat and 75 thousand tons of barley from TMO organization’s stocks will be put on sale in October at the following prices.
In this context, the sales prices for October 2020 are as follows:
- Domestic Bread Wheat No: 2; 224 USD / Ton,
- Imported Bread Wheat (12.5 Pro); 230 USD / Ton,
- Imported Bread Wheat (13,5 Pro); 233 USD / Ton,
- Domestic Durum Wheat No: 2; 246 USD / Ton,
- Imported Durum Wheat; 252 USD / Ton,
- Domestic Barley; 170 USD / Ton,
- Imported Barley; 173 USD / Ton