Turkey widens wheat tender terms as prices keep rising

Turkey’s state grain importer again widened the terms of an upcoming wheat tender, its second change to the terms...

Turkey’s state grain importer again widened the terms of an upcoming wheat tender, its second change to the terms of a 400,000 mt deal which is expected to close Friday, as cash prices on the Black Sea continue to rise.

The Turkish Grain Board (TMO) on Wednesday told traders it would permit white wheat to be loaded in an optional origin tender, expanding the list of potential origins for cargoes to be lifted from to include suppliers such as Argentina, Australia, India, and parts of the US and Canada.

TMO’s wheat import tenders typically stipulate for red wheat to be loaded from the Black Sea, the EU, or the UK.

Wednesday’s move comes after TMO had already postponed the tender’s closing and shipment dates after bad weather across Turkey disrupted travel.

The tender is now set to close Friday with shipment for January 26-February 25.

Wheat prices in Turkey have followed the global market higher, spurred on to multi-year highs after Russia increased export duties to slow its grain sales pace.

The best-priced offers for Russian February loading 12.5% milling wheat have increased $15/mt over the past week to $295/mt CIF Marmara against bids at $288/mt.

A deal was booked for February 12.5% at $292/mt CIF Marmara on Wednesday, the highest level since Agricensus started tracking Black Sea prices in 2017.

What to read next
The US-Ukraine mineral partnership deal has stalled due to security concerns, leaving future negotiations uncertain despite Ukraine's critical role in global mineral supplies. Meanwhile, President Trump has imposed tariffs on Canada, Mexico, and China and launched a copper import investigation to address national security risks and reduce reliance on foreign resources.
Trump’s tariffs on Canadian and Mexican metals have introduced significant instability to the U.S. metals sector. The 25% tariffs, coupled with retaliatory measures from Canada and Mexico, have fuelled price volatility, supply chain disruptions, and operational uncertainty across multiple industries. These trade policies are reshaping global market dynamics as stakeholders brace for long-term impacts on steel, aluminium, copper, and other metal commodities.
The Indian steel industry faces challenges as coking coal demand grows amid supply issues. Insights from Coaltrans India 2025 highlight India's reliance on Australian coal, rising met coke imports, and strategies like blending domestic coal with high-quality options.
China has announced additional tariffs of up to 15% on imports of US goods from March 10, with the new measures covering largely agricultural products, alongside restricted exports to 15 US companies, according to a notice posted by the country’s Ministry of Finance and Ministry of Commerce on Tuesday, March 4. Imports of agricultural goods […]
Iron ore markets face major shifts as an oversupply looms in 2025, driven by weak demand from Chinese steel mills and changing pricing trends. Key players like Vale and Rio Tinto are tackling challenges such as fluctuating shipments, blending practices in China, and a competitive global market.
Graphite producers in Southeast Africa, including Madagascar, Mozambique and Tanzania, are becoming key players as global demand shifts away from China. Despite challenges like infrastructure and competition, growing demand for large graphite flakes and downstream processing signals a promising future for the region by 2025