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.
( Saban Buttanri)
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.
( Saban Buttanri)