Jordan contracts wheat cheaper than two weeks ago

On April 21, the Ministry of Industry and Trade of Jordan held a tender for the purchase of 120,000 tons of milling wheat of any origin, at which it purchased 60,000 tons of wheat from Cargill for delivery on August 16-31 at a price of $273.99/ton C&F, the Grain Online agency reports, citing European traders.

Wheat was also offered at the tender by CHS ($275.4/t), Bunge ($281.0/t), and Dreyfus ($282.0/t).

Recall that at an international tender on April 7, Jordan purchased 60,000 tons of food wheat from the Bulgarian company Buildcom for delivery in the second half of July at a price of $275.95/ton C&F (including freight), and at a tender on March 17, 60,000 tons of milling wheat of any origin for delivery in the first half of June at a price of $277.50/ton C&F from the CHS company.

According to Rusagrotrans, at the end of last week, prices for Russian wheat with 12.5% protein and delivery in April-May were $239/t FOB, while prices for American wheat increased by $4/t to $251/t, for Argentine wheat by 11.5% - by $2/t to $229/t, for Australian wheat - by $5/t to $259/t. At the same time, prices for French wheat fell by $2/t to $232.5/t.

Offer prices for Ukrainian food wheat remain at $232-235/t FOB, but buyers are not willing to pay more than $230/t for grade 2 wheat.