Turkey purchased 175 thousand tons of feed barley at a higher price than in February

On March 13, the Turkish Grain Agency TMO held an international tender for the purchase of 175,000 tons of feed barley, at which it purchased the planned volume (mainly Russian production) with delivery from March 25 to April 17, Reuters reports.

The following batches of barley were purchased at the tender:

• 25 thousand tons from Bogazici at $270/ton on the basis of EX-Antrepo Iskenderun,
• 25 thousand tons in Aston at $274/ton on a C&F Bandırma basis,
• 25 thousand tons in Ipek at $282.5/ton on the basis of EX-Antrepo Adana,
• 25 thousand tons at Ipek at $282.5/ton on the basis of EX-Antrepo Mersin,
• 20 thousand tons in Ipek at $282.5/ton on the basis of EX-Antrepo Samsun,
• 25 thousand tons in Ipek at $284/ton on the basis of EX-Antrepo Izmir,
• 20 thousand tons at Ipek at $284/ton on the basis of EX-Antrepo Trabzon,
• 10 thousand tons in Imisk at $305/ton on the basis of EX-Antrepo Tekirdag.

It should be noted that only 25 thousand tons of the contracted volume will be delivered on C&F terms, as other batches are already in customs warehouses in Turkey.

Recall that on February 11, the TMO agency purchased about 225 thousand tons (out of the planned volume of 255 thousand tons) of feed barley, mainly of Russian production, at a tender for delivery from February 23 to March 23 at a price of $266.2-273.6/ton C&F, and the average purchase price ($269.7/ton C&F) exceeded the price of the January tender by almost $5/ton.

In Ukraine, prices for feed barley remain stable at 11,000-11,100 UAH/t or $220/t with delivery to Black Sea ports, despite a sharp increase in prices for feed wheat to 10,600 UAH/t and corn - to 10,700 UAH/t with delivery to ports.

Export demand is very low, as the main buyers of Ukrainian barley are in the Middle East, and currently have no opportunity to import grain due to the blockade of the Persian Strait.