Iraq Delays Decision on Wheat Tender

By John Lee.

The Iraqi Grain Board (IGB) has delayed until Sunday a decision on whether to buy at least 50,000 tonnes of hard wheat in an international tender.

Reuters quotes traders as saying that no purchase had yet been made, with Australian wheat offered at the lowest price of $279.70 a tonne c&f free out (ciffo).

(Source: Reuters)

(Wheat image via Shutterstock)