The Turkish Grain Board (TMO) purchased 200 thousand tons of corn with a series of the international tenders, which ended on May 30th. Previously, the Turkish Grain Board announced that it would open the international tender for 200 thousand tons of fodder corn.
With the fluctuations in the exchange rate and the increasing prices in the foreign markets, the feed sector experienced serious problems. The Turkish Grain Board took action following in the price of concentrate feed, whose half of raw material is imported. On his social media account, İsmail Kemaloğlu, the General Manager of the Turkish Grain Board, said that “In order to prevent possible speculations and fluctuations in the price of corn, we launched a tender for 200 thousand tons of corn at the first stage. There are still three months for corn harvest. We will do anything necessary for ensuring price stability in the market. We established a link for 200 thousand tons of corn in a short time. We will do everything for the price stability. We determined the sale price of corn. According to this, we will sell the corn for 945 Turkish liras per ton to the sector. Considering the current exchange rate and import cost, this is an extremely affordable price. Wish good for all users.”
10 different tenders were opened, each 20 thousand tons in size. Cattle and sheep breeders and producers in the poultry sector are concerned about the increase in feed prices and instability in the market. Since the beginning of the year, there has been a 30 to 60 percent price increase in feed prices.
We also suggest you to read our previous article titled "Superior Ag cuts ribbon on new feed mill in Indiana".