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Iraq purchased 100,000 tonnes US wheat at $494.00/T

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DUBAI: Iraq’s trade ministry bought 100,000 tonnes of US hard red wheat at $494.00 per tonne on a cost, insurance and freight basis, traders said on Monday.

Private sector allowed to import wheat

The wheat was bought through a direct purchase agreement with Anderson, the traders said, adding that only three companies, including Cargill and ADM, were invited to bid during negotiations.

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