Grain exporters have suspended contracts with Turkey

Moscow. On 26 November. Russian grain exporters have suspended contracts for the supply of grain to Turkey because of fears of restrictive measures, said the representative thermotrailers company. Shipped only with the grain already sold.

“In conditions of uncertainty and measures taken on adjacent markets, new sales no one does, no one will risk it,’ he said. – Now the main task – to ship what is already sold”.

According to him, grain maturity sold in December and partly to the first half of January. But these parties still have to finalise various documents, including phytosanitary certificates.

“We hope that hasty steps in this market will not be done and under contract restrictions will not occur,” he said.

As stated by a source in another company, the delivery of grain to Turkey is particularly important for “low water”, to Azov of the terminal. It is necessary that all possible restrictive measures, the business was notified in advance.

As stated by the General Director of the Institute for agricultural market studies (IKAR) Dmitry Rylko, if Turkey bude ban on two major Russian markets of grain and sunflower oil – there will be problems.

“Redirect Turkish volumes of sunflower oil, for example, to other markets is difficult because we have two major buyer in Turkey and Egypt, which account for around half of exports,” he said.

Referring to the possibility of sales of the Russian grain destined for Turkey, in other markets, Rylko said that this would be difficult. “It’s a difficult grain to other markets, primarily because of its special quality, he said. – Turkey buys mostly high-quality wheat, these volumes would be difficult to attach in other countries”.

According to him, the market for this grain is small. As a result, in a difficult situation can be the grain producers of the Rostov and Voronezh regions, which is focused on shipping through the Azov terminal.

According to CJSC “Rusagrotrans”, since July to October this year, Turkey became the second largest buyer of Russian grain after Egypt. It imported 1,603 million tons of wheat, its share in total exports was 12%.