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You are here: Home»Markets»Commodities»Middle East & Africa»Iraq makes no purchase in a tender for 50,000 ton wheat

wheat-productionBAGHDAD: Iraq's Trade Ministry has made no purchase in a tender for at least 50,000 tonnes of wheat from any origin, a source at the trade ministry said on Monday.

 The tender had closed on October 1 with offers having to stay valid until October 5.

 The reason for the decision not to purchase was not immediately clear.

 

The lowest prices offered to Iraq in the latest tender were for Romanian wheat at $399.50 a tonne c&f free out (ciffo), followed by prices of $406, $408.50 and $417 a tonne ciffo for a combination of Ukrainian, Brazilian and Argentine wheat.

 

In its last reported tender on September 19, Iraq bought a total of 150,000 tonnes of Russian wheat.

 

Volumes in Iraq's grain tenders are regarded as nominal and it frequently buys more than the tender volumes.

 

Iraq is one of the world's largest importers of wheat, much of which goes to supply a massive national food ration programme.

Copyright Reuters, 2012


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln