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Turkish Grain Board TMO said it will keep barley sales at 1,275 TL per tonne, well below market prices of about 100-150 TL above that level. From March 2020 it introduced 90-day payment terms for breeders, mainly in earthquake-hit regions.
Subsidised state barley sales in Turkey cap local feed prices and reduce commercial import demand, a modest bearish factor for feed barley.
gfmt.blogspot.comMar 5, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
