Australian Wheat Lowest in Iraq Tender

By John Lee.

Australian wheat was reported to be offered at the lowest price, in a tender for at least 50,000 tonnes of hard wheat for the Iraqi Grain Board. The tender closed on Sunday and offers must remain valid up to Thursday, according to Reuters.

• Australian wheat: 50,000 tonnes at $231.70 a tonne c&f free out;
• Russian wheat: $234.00 a tonne c&f free out;
• Canadian wheat: $247.20 a tonne c&f free out;
• US wheat: 50,000 tonnes at $265.00 a tonne c&f free out.

The tender sought wheat from the United States, Canada, Australia or Russia only.

(Source: Reuters)

(Wheat image via Shutterstock)