Turkey: Grain and Feed Update
Corn production forecast is 6 MMT in marketing year (MY) 2015. The Turkish Grain Board (TMO) was a very active player in the market in MY 2015. TMO procured nearly 4 MMT grain after a record production for wheat, barley and corn. TMO opened its stock for export certificate holders who are flour, pasta, biscuits, feed and poultry exporters under the Inward Processing Regime (IPR) in midSeptember. The price of milling wheat was 161-178 USD/MT, which is competitive with the world price. The paddy rice harvest is almost finished; Posts forecasts 500,000 MT production.