Importers are stepping up the purchase of wheat on a background of reduction of prices
September report USDA demonstrated intense balance of production and consumption of wheat and the uncertainty of the prospects of harvest and of wheat exports from Russia and the EU, which could lead to higher prices for wheat in a short time.
Therefore, the main importing countries intensified tenders for the purchase of wheat.
the results of the auction, the purchase of which is carried out mainly by the state Agency, become a price indicator for private companies and will encourage purchases by private importers.
Egypt purchased in the tender 235 thousand MT of Russian wheat at a price of 240 $/t CFR.
the Algerian operator OAIC purchased 630 thousand tons of wheat presumably French production costs 262-263,25 $/t C&F.
Grain Agency of Jordan (JSSGC) on 13 September overturned a tender for purchase of 120 thousand tons of milling wheat for reasons other than calls.
Saudi grain Agency (SAGO) September 14 will hold a tender for the purchase of 595 thousand tonnes of wheat for delivery in November-December in ports in the Persian Gulf and the red sea.
on the same day, Tunisia will hold a tender for the purchase of 67 kt soft and 50 thousand tons of hard wheat and feed barley for delivery in October-November.
the Grain of Commerce of Iraq announced tender for purchase a minimum of 50 thousand tons of milling wheat, which plans to buy grain produced in the USA, Australia or Canada. Applications will be accepted until September 23.