Hakan Agro takes bulk of Turkey's TMO first round wheat tender

Dubai-headquartered Hakan Agro is in pole position in Turkey’s latest wheat import tender, with the company showing the lowest prices in 23 of the 29 positions that state grain importer TMO is looking to fill, according to market sources.

The tender, issued on March 8, closed Thursday with all offers now having to stay valid for 24 hours while TMO officials conduct further negotiations.

The importer is looking to secure 290,000 mt of milling wheat in 10,000 mt cargoes into the ports of Mersin (7 cargoes), Derince, Iskenderun, Izmir (5 cargoes each), Tekirdag (3 cargoes), Samsun (2 cargoes), Bandirma and Trabzon (one cargo each).

The wheat is for shipment between March 21 and April 5, according to the document seen by Agricensus, with the final prices likely to be lower after negotiations conclude.

For Derince port, Hakan offered three positions at $245.30/mt, with Aston offering the two remaining cargoes at $244.78/mt, and $242.49/mt.

In Iskenderun, Hakan’s offers are the lowest for all five positions, at $243.80/mt, while Hakan also shows the lowest offer for all seven of Mersin’s positions at $239.80/mt.

Izmir’s volume is currently shared between Solaris with three positions at $244.12/mt, with Hakan also occupying two positions with offers at $245.60/mt.

In the final ports, Bandirma’s one cargo position shows Hakan as the most competitive at $239.80/mt, with Trabzon’s one position also showing a Hakan offer at $238.80/mt.

For Tekirdag’s three positions, Hakan occupies two with offers at $238.80/mt, with Orsett in the final position at $238/mt.

Finally, Samsun’s two requirements are both currently occupied by Hakan at $240.30/mt and $239.80/mt, according to the document.