date:Jun 20, 2023
this is 70% of Georgias total production in 2022. The decision to sell is welcomed because Turkey has large volumes of stocks. If significant amounts of them remain unsold, they will likely put negative pressure on the prices in the next season.
However, there are some issues. TMO will sell a kilogram from TRY 65/kg ($2.76) to TRY 68/kg ($2.89). If we assume a 50% yield, then in kernels, TMOs prices range between $5.52-$5.78/kg. The Turkish exporters, of course, will have to add their margins