The federal government is planning to intervene in the labour dispute that brought the country’s two largest railways to a halt overnight, a senior Liberal source says.
Sounding like low $330s CIF for Panamax sized vessels from Canada. Low $8s to a grower. Full info always difficult to get with OAIC tenders. Guessing some other origins trade cheaper than this and Handy sized from Canada slightly more.
Last crop year rough purchase estimations:
July 4-$385-$400 CIF Aug Sep
Aug 2- Cancelled due to high prices
Aug 31- $460-$490 CIF Oct-Dec (Multiple origins)
Dec 5- $465 CIF Jan Feb
Jan 8- $455 CIF-Feb Mar
March 19- $395-$410 CIF April
Apr 23- $400 CIF- June
Last crop year rough purchase estimations:
July 4-$385-$400 CIF Aug Sep
Aug 2- Cancelled due to high prices
Aug 31- $460-$490 CIF Oct-Dec (Multiple origins)
Dec 5- $465 CIF Jan Feb
Jan 8- $455 CIF-Feb Mar
March 19- $395-$410 CIF April
Apr 23- $400 CIF- June
@granduro You can't buy Russian. What you buy from Turkey will lack protein. Italy loves Canadian durum- Mainly for the protein. Looking forward to being a large supplier. Lots of sales already on the books from Canada.
Turkish Durum Wheat Update:
1. The durum wheat harvest is basically completed in Turkey.
2. Currently, a big chunk of durum wheat is going to TMO at $303-318 USD/ton, delivered to TMO/Lidaş silos.
3. I estimate the crop size to be about 4.6-4.7 million tons.
4. Export is very limited; currently, only one 5k vessel is under loading, whereas last year, 1.1 million tons were booked/underloading at this time of the year.
5. I expect very limited export from Turkey. If prices continue as they are with Canada, the USA, Russia, Spain, and Kazakhstan, our export could be limited to 500k tons compared to last year's 1.6 million tons.
6. Local durum wheat prices are in the range of 9,300-9,900 TL/ton ($281-300 USD/ton), depending on location, available buyers, quality, and payment terms.
7. Protein level is a serious problem in year, especially in Mardin and Diyarbakir. Conversely, Şanlıurfa has good protein levels but not enough for high-protein pasta producers targeting high-end markets like Japan, Canada, Taiwan, Europe and the USA.
8. Due to protein problems, Turkey might import high-protein durum wheat from Kazakhstan, Canada, and the USA if the government allows durum wheat imports after October 15, 2024 with the current prices at overseas.
9. In some regions, we have extremely good quality and perfect colored durum wheat but the protein levels are at only 11-12.5% protein level (please see some photos of 11-12% durum wheat photos of Ovidio seeds in Diyarbakir).
In view of this fact, we could mix our local durum wheat with 15-16% protein imported durum wheat to obtain 13-14% protein pasta suitable for markets like Japan, the USA, Taiwan etc.
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