HAMBURG: The lowest price offered in the first round of the tender from Turkey’s state grain board TMO to buy 175,000 metric tons of animal feed barley on Friday was believed to be $270 a ton for supplies delivered from a warehouse in Turkey, traders said in initial assessments.
Barley already imported to Turkey and stored in customs-bonded warehouses can be offered in the tender but not domestic supplies, traders said. No purchase has yet been reported and provisional results are expected later on Friday, they said. The TMO traditionally undertakes several rounds of negotiations in tenders seeking lower offers each round.
The lowest offer was said to have been submitted by trading house Bogazici Tahil for 25,000 tons for delivery to the port of Iskenderun. Reports reflect assessments from traders and further estimates of prices and tonnages are still possible later.
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