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Corn-1024HAMBURG: Turkey's state grain agency TMO has purchased some about 44,000 tonnes of animal feed corn to be sourced from the European Union and Moldova in a tender for the same volume which closed on Tuesday, European traders said.

Rapid shipment had been sought between April 28 to May 10.

Turkey has been turning to supplies of grain from the EU and other regions after the sudden end of duty free status in March effectively stopped Turkish imports of Russian wheat, corn and sunflower oil in a move suspected to be related to a wider trade dispute.

The TMO had sought three consignments of EU-origin corn each of 12,000 tonnes and one consignment of 8,000 tonnes of Moldovan-origin corn.

The EU corn was bought at 710 Turkish lira a tonne c&f ($197.9), 711 lira a tonne c&f ($198.2) and 712 lira a tonne c&f ($198.5), traders said.

The Moldovan corn was all bought at 743 lira a tonne c&f ($207.1).

The EU corn was sold by trading houses Hakan and CHS, the Moldovan by Erser.

The TMO had also bought about 65,000 tonnes of corn to be sourced from the European Union and Serbia in a tender on April 19.

Copyright Reuters, 2017
 

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