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Turkey Plans to Step Up Wheat Purchases Amid Markets Turmoil

  • State grains buyer expects to tender after holiday: official
  • Prices are soaring amid supply concerns, collapsing lira
Canada's Wheat Harvest As Output Seen Increasing

Photographer: Bloomberg/Bloomberg

Rising prices and the collapse of the lira are prompting Turkey to tap international markets to secure wheat supplies and ward off food-price inflation as part of efforts to get the nation’s economy under control.

The Turkish Grain Board is planning to issue international tenders to buy the grain, according to an official at the country’s state buyer. The purchases may be made immediately after next week’s Bayram national holiday, he said.