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Turkey - Wheat Report 2004
Turkish wheat production in MY 2003 (June 2003 - May 2004) decreased slightly due to lower yields. As a result, Turkey is expected to import slightly higher quantities of wheat.

The Turkish Grain Board (TMO) has been given the authority by the Government of Turkey (GOT) to import 250,000 MT of milling wheat. There will be no import duties applied to the purchases. Although TMO is not planning to import the wheat immediately, the GOT authority gives them the flexibility to import the wheat at its own convenience and when market conditions are deemed favorable.

Turkish industry sources believe TMO will not tender for the wheat until February or March 2004. TMO may still buy only a portion of the 250 TMT, perhaps half. Although Turkey produces over 15 MMT of wheat annually, the quality of the wheat has decreased in recent years. Turkey produces about 4 or 5 MMT of milling wheat. The remainder needs to be blended in order to raise the quality sufficiently for milling purposes. From year to year, the Sunni bug infestation can lower quality although damage from this pest was minimal this year due to weather conditions. However, rain in the Cukurova region during the harvest caused some damage to unharvested wheat. Feed wheat totals have been reduced this year along with production.

In MY 2003, TMO imported 200,000 MT of milling wheat under an EU quota. Millers are also eligible to import wheat without paying duty for the exports of wheat flour and products, such as pasta, biscuits, and etc in order to reduce the cost.

Although Turkey normally imports wheat in Kazakistan and Russia, shortages in those countries have forced Turkey to seek other sources. Turkish millers are importing wheat from other suppliers, including the United States, Canada, and Australia. Millers prefer Canadian and especially Australian wheat because of the quality and also their metric grading screens which result in less dockage.

Turkish wheat on the Polatli Commodity Exchange was being sold at 425,000 - TL 450,000 per kilogram (or around USD 310 and USD 325 per MT) for hard red milling wheat in early January. Wheat prices at the Polatli Commodity Exchange are usually higher than other commodity exchanges in Turkey because the wheat quality is normally higher. Canadian wheat was also quaoted at around TL 425,000 per kilogram (or around USD 315 per MT). Some sources expect these prices will increase further during the next a couple of months forcing TMO to import wheat.

TMO is estimated to have a total of about 1 MMT of wheat for domestic salese, in addition to the emergency stocks. TMO is using a five-month deferred payment system with zero rate of interest for the feed wheat from the previous years in stocks, but selling the imported wheat from the EU for cash.

PSD wheat import and export data for MY 2002 were revised according to the official data which are now available.
MGR Archive 12.2.2004
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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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