Pakistan buys 180,000 metric tons wheat in tender at $339.36 a ton c&f
Pakistan’s state agency bought an estimated 180,000 metric tons of wheat in an international tender for up to 185,000 tons, all at $339.36 a ton cost and freight included; shipment Nov 1-10 is expected from trading houses including Bunge, Olam and Ameropa, traders said.
HAMBURG, Sept 30 (Reuters) — A state agency in Pakistan has bought an estimated 180,000 metric tons of wheat in an international tender to buy and import up to 185,000 tons which closed this week, European, traders said on Wednesday. 36 a ton cost and freight included. Trading houses Bunge, Olam and Ameropa were each believed to have sold 60,000 tons for shipment between November 1-10. The purchase was made at the lowest price offered by Bunge in the tender on Monday with the other trading houses agreeing to match the lowest price after negotiations, traders said.
Reports reflect assessments from traders and further estimates of prices and volumes are still possible later. The tender comes at a difficult time for importers, with fighting bringing seaborne Black Sea exports of cheap Russian and Ukrainian wheat to a virtual stop with supplies from alternative origins more expensive. 83 a ton c&f in a previous tender seeking up to 750,000 tons, before issuing the current tender for another 185,000 tons. net)