According to market participants’ estimates, Turkey could harvest nearly 23 million metric tons of wheat this year—one of the largest harvests in its history. Significant domestic supply is already limiting importers’ activity (Turkey is one of the region’s largest grain buyers). Local buyers are in no hurry to sign new contracts, counting primarily on their own Turkish grain once the harvest is complete, according to ukragrokonsult, citing S&P Global Platts.
An additional deterrent has been the reluctance of buyers, including Turkish ones, to book new shipments of Russian grain due to uncertainty regarding delivery dates. Some sellers have also temporarily suspended their offers, awaiting greater clarity regarding Black Sea logistics operations.
Logos PressNote : For operators in Moldova’s grain market, who are also planning to handle a record wheat harvest, this is an unpleasant—albeit entirely predictable—development. In the current situation, the key question is whether the major shipping problems will spread from the eastern to the western and southern coasts of the Black Sea.
