Iraq Buys 300,000 Tons Canadian Wheat

Dow Jones reports that the Iraqi Grain Board bought 300,000 metric tons of Canadian wheat from a tender which closed on 13th March 13.

The head of the board, Hassan Ismail Ibrahim, told the agency that:

• 100,000 tons were bought from Jordan-registered Jresat at $361/ton cost and freight;
• 100,000 tons from Glencore International at $356/ton C&F;
• 50,000 tons from Louis Dreyfus at $361.22/ton; and,
• 50,000 tons from Archer Daniels Midland Co. (ADM) at $361/ton C&F.

Iraq also bought 400,000 tons of Canadian wheat in February, and is planning to issue new tender to buy wheat in April.

(Source: Dow Jones)