TMO organized flour, pasta and bulgur industry meeting for the rapidly increasing wheat prices were discussed on the table. The rapidly increasing prices, especially in Southeast Anatolia Region, triggered TMO.
Approximately one-fourth of the wheat harvest in Turkey has been completed, the regional yield losses increased wheat prices. Ahmet Güldal, General Manager of Turkish Grain Board (TMO), met with representatives of flour, pasta and bulgur sectors at the Sector Evaluation Meeting and discussed the increasing prices. According to the news on the official website of TMO, the meeting on June 26 stated that the rapid price increases in Southeast Anatolia Region were particularly concerned due to the postponement of the harvest by the sector representatives. In addition, recent developments in the world and domestic cereal markets exchanged views on the mutual.
TMO General Manager Ahmet Güldal said, “In recent days, especially in Southeast Anatolia Region, artificial price increases have been observed due to the inability of harvesting due to climatic reasons and low yield. There is no situation to worry about. In Thrace and Central Anatolia, the harvest has just begun. Artificial price increases with the intensification of the harvest will return to normal. TMO closely follows. the markets with its entire organization.” Stating that the Turkish Grain Board has the ability to supply the wheat that the sector will need at any time, Ahmet Güldal said, TM TMO stocks are insurance in order to regulate the grain markets. Accordingly, necessary authorizations have been made to reinforce our stocks. All necessary measures can be taken in coordination with the relevant ministries to ensure that the producer does not become a victim and to ensure sustainability in production, and that market prices do not rise too high against the consumer. ” Market experts evaluating the latest developments, wheat imports may come to the agenda said.
The price of durum wheat announced by TMO as 1,400 liras, especially in the Southeast has seen the level of 1,750 TL. Described as 1.100 pounds of barley price has reached 1,350 pounds. The cereal purchase price of the Turkish Grain Board was announced by President Recep Tayyip Erdoğan at the TOBB General Assembly held on 2 May. Erdogan, TMO’nun last year 1050 pounds of hard wheat, this year with an increase of 29 percent per tonne will receive 1,350 pounds, quality wheat would pass 1.400 pounds, he said. Erdogan, barley purchase price is determined to increase by 33 percent to 1,100 pounds per ton, as well as farmers registered in the farmer’s registration system 200 pounds diesel, fertilizer support will be announced.
Credit: Millermagazine.com
