HAMBURG: Turkey’s state grain board TMO bought an estimated 345,000 tonnes of animal feed barley in an international tender for the same volume on Thursday, European traders said.
The tender is believed to have been completed and no more purchases are expected, traders said.
Purchases in TMO’s tenders are provisional and subject to final confirmation in coming days. Purchases can be cancelled completely.
The tender seeks shipment between Feb. 15 and March 10 to various Turkish ports.
Supplies already in warehouses in Turkey can be offered in the tender.
Dealers say some exporters have made advance shipments to Turkey to escape rises in Russian grain export taxes, which are being increased in stages to conserve Russia’s domestic supplies.
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