Turkish President Recep Tayyip Erdoğan announced the bread wheat purchase price of Turkish Grain Board (TMO) as 7,050 TRY/ton. The purchase price of wheat, which was 2,250 TRY/ton in 2021, increased by 213 percent according to these figures.
President Recep Tayyip Erdoğan announced the purchase prices of wheat and barley. Erdoğan said that the purchase price of Turkish Grain Board (TMO) for wheat will be 7,050 TRY/ton, durum wheat will be 7,500 TRY/ton and barley will be 6,000 TRY/ton.
President Erdoğan's statement is as follows:
“I am announcing the purchase prices of TMO for wheat and barley during the 2022 harvest period for the producer. This year, TMO will pay 6,050 TRY/ton for hard bread wheat, a total of 7 thousand 50 liras, including 1,000 TRY premium price. The barley purchase price of the Board has been determined as 6,000 TRY in total, with 5,500 TRY purchase and 500 TRY premium per ton. Producers registered in the Farmer Registration System, which sell their products to TMO, will be able to take advantage of the premium payment. TMO price will be the reference price and no different price applications will be implemented.”
Wheat purchase price, which was 2,250 TRY/ton in 2021, was announced as 7,050 TRY with the premiums included. According to these figures, the wheat price increased by 213 percent compared to the previous year.
On the other hand, on Friday, June 3, Southeast Anatolia 1st Class Hard Wheat was traded at 7,350 TRY/ton in Gaziantep Commodity Exchange, while the highest price was 7,500 TRY. Bread wheat is around 7,000-7,100 TRY.