Monday, 31 August 2015 13:52
HAMBURG: Australian wheat was offered lowest at $ 231.70 a tonne c&f free out in a tender by Iraq’s state grains board seeking at least 50,000 tonnes of hard wheat, European traders said on Monday.
The tender closed on Sunday and offers must remain valid up to Thursday, Sept. 3, traders said. No purchase had yet been made, they said. The Australian offer was made for 50,000 tonnes, they said.
Russian wheat was offered lowest at $ 234.00 a tonne c&f free out, they said. US wheat was offered lowest at $ 265.00 and Canadian was lowest at $ 247.20 a tonne, both c&f free out, they said.
The tender sought wheat sourced from the United States, Canada, Australia or Russia only. Volumes in Iraq’s wheat tenders are nominal and the country frequently buys more than it tenders for.
In its last reported wheat tender on July 2, Iraq rejected all offers and made no purchase.
