Good domestic sales, Turkish wheat prices up
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Last Update: 2002-08-09
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Source: Internet
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Author: User
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Lead: Ankara (Reuters) - high quality wheat prices on Turkey's Anatolian central food exchange rose for the third week in a row as buyers bought new season wheat, traders in Turkey said on Thursday On the polatli exchange, the benchmark bezostaja wheat was quoted at 339867 lira per kilogram ($209 per ton), higher than the national grain bulletin board's August 5 purchase price of 282000 lira per ton The benchmark bezostaja wheat last week quoted an average of 320500 lira on the polatli exchange Wheat prices continued to rise because of quality assurance, a trader said in polatli But trading volume at polatli did not shrink because wheat prices are higher than TMO The wheat harvest in southern Turkey began at the end of May, while that in Central Anatolia, the main grain producing region in Turkey, began at the end of June or the beginning of July The initial price of TMO's standard hard red milling wheat is 230000 lira per kilogram, which is 40% higher than last year's price It climbed to 282000 lira per kilogram on August 5 The average offer for white barley on the polatli exchange was 169223 lira per kilogram, up from 167974 lira last week Its average offer on the Konya exchange is lira 160770 per kilogram (1 USD = 1626000 lira)
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