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Asia Grains-Philippines buys feed wheat for July-August arrival

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By Shoaib Ur RehmanReuters

SINGAPORE: Millers in the Philippines this week bought 110,000 tonnes of feed wheat for arrival in July and August at around $210-$215 a tonne, including cost and freight (C&F).

"It is for shipment in the second half of July and second half of August," said one Singapore-based trader.

Black Sea milling wheat with 11.5pc protein was quoted around $220-$225 a tonne, C&F, underpinned by a rally in Chicago futures which jumped almost 6pc this week.

Copyright Reuters, 2019

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