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Turkey buys EU milling wheat
ANKARA ,Turkey's state grain board TMO has bought a total of 200,000 tonnes of European Union origin milling wheat, it said on Wednesday.
European traders said almost all the wheat will be from Germany.
The trading houses that won the business had offered German grain and the largest consignment went to a north German farming co-operative, they said.
TMO said it bought the wheat at prices between $186.47 and $194.92 per tonne C&F (cost and freight).
TMO bought 110,000 tonnes of milling wheat from Raiffeisen in four cargoes, 50,000 tonnes from Glencore in two cargoes, 25,000 tonnes from Nidera in a single cargo and 15,000 tonnes from Louis Dreyfus in a single cargo.
TMO received bids from 11 international trading houses on Tuesday as it sought to buy up to 200,000 tonnes of EU milling wheat.
Shipment will be on October 6-November 6 and November 7 and December 7. Deliveries will be to Turkish ports including Mersin, Iskenderun, Derince, Izmir and Samsun.
A TMO official told Reuters before the tender that it was aimed at supporting wheat stocks.
Turkey imported 250,000 tonnes of milling wheat from EU countries and Kazakhstan in March to meet millers' quality wheat demand.
MGR Archive 18.9.2003
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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