Exports 20% below last year
Due the earthquake in the Aegean Sea on Friday, trading is largely subdued at the Izmir Commodity Exchange. TariÅ made a few purchases on behalf of the TMO. Quotations, however, range higher. Around 80,000 mt are said to have been bought by the government organisations and rumour has it that volumes may climb to 200,000 mt by the end of December. Even large producers are selling to the TMO, which is why traders reckon that farmgate prices will rise sharply in the second half of the season.
Market players describe the situation as