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Markets

Philippines buys feed wheat for July-August arrival

Published Updated

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

Copyright Reuters, 2019

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