Turkey's state grain agency TMO has issued an international tender to purchase and import up to 44,000 tonnes of animal feed corn to be sourced from the European Union and Moldova, traders said on Friday. The tender closes on April 25, with offers having to remain valid until April 26, they said.
Turkey has been turning to supplies of grain from the EU and other regions after Turkey's sudden ending of duty free status for Russian wheat, corn and sunflower oil in March effectively stopped imports. The move is suspected to be related to a wider trade dispute. The new TMO tender seeks three consignments of EU-origin corn each of 12,000 tonnes and one consignment of 8,000 tonnes of Moldovan-origin corn.
Rapid shipment is sought between April 28 and May 10. The TMO bought about 65,000 tonnes of corn to be sourced from the European Union and Serbia in a tender on Wednesday. Offers had also been sought on Wednesday for the 44,000 tonnes in the latest tender but were rejected as too high. US corn futures in Chicago fell 1.2 percent on Thursday, hitting their lowest since March 31, pressured by expectations of better planting weather for US farmers and a sharp drop in wheat prices.
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