Business & Money

Turkey to offer 5.5 million tonnes of grain in November at harvest prices

Turkey’s state grain board will offer 5.5 million metric tons of grain to the market in November, keeping sales at the prices set at the start of the harvest.

The Turkish Grain Board, known as TMO, announced the plan late on Friday, 30 October, according to Reuters. The November offer follows a similar-sized release in October, when TMO put 5.5 million tonnes of bread wheat and durum wheat up for sale.

The grain comes from large stocks built up after a record harvest. World Grain reported that TMO’s excess wheat stocks were above 10 million tonnes, and that TMO had made 5.5 million tonnes available to all buyers in October through the Turkish Mercantile Exchange.

Turkey is also expected to need far less imported wheat this season. World Grain reported that wheat imports for 2026-27 are forecast at 2.8 million tonnes, down 56% from 6.32 million tonnes in 2025-26. An earlier forecast in June had put imports at 4.5 million tonnes. The same report forecast a record wheat crop of 23 million tonnes in 2026-27.

Why it matters

More home-grown grain on sale at steady prices should help flour mills, pasta makers and animal-feed firms plan their costs, and it should ease pressure on food prices. It also means Turkey is less dependent on wheat imports at a difficult time. World Grain reported that grain shipping from Russia and Ukraine, Turkey’s two largest suppliers, was at a virtual standstill.

What happens next

The next test is whether buyers take up the grain on offer in November, and whether TMO holds its prices steady. Watch also for any new import forecast, and for any change in grain shipping in the Black Sea.

This article is for general information and education only. It is not legal or financial advice.

Sources

Faizan Altaf

Faizan Altaf is the founder and author of findivoza.com, a news blog covering world, Pakistan, business, technology, health and sport in plain English. He writes for general readers who want clear, trustworthy news without jargon. His work focuses on explaining what happened, why it matters, and what to watch next.

Leave a Reply

Your email address will not be published. Required fields are marked *