Pakistan gets offers in 185,000 metric ton wheat tender, traders say
- Bunge submitted the lowest bid of $339.36/ton for 60,000 tons in Pakistan's tender for 185,000 metric tons of wheat
Pakistan's wheat tender received a lowest offer of $339.36/ton from Bunge for 185,000 metric tons, amidst global supply challenges affecting prices.
- Pakistan's 185,000-ton wheat import tender.
- Lowest offer of $339.36/ton from Bunge.
- Global wheat market challenges affecting prices.
HAMBURG: The lowest price offered in a tender from Pakistan to purchase and import 185,000 metric tons of wheat that closed on Monday was believed to be $339.36 a metric ton, cost and freight (c&f) included, European traders said in initial assessments.
The offer was believed to have been submitted for around 60,000 tons by trading house Bunge, they said.
The state agency Trading Corporation of Pakistan (TCP) is still considering the offers and no purchase has been reported, traders said, adding a decision is expected in coming days.
Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.
The tender comes at a difficult time for importers, with fighting bringing seaborne Black Sea exports of cheap Russian and Ukrainian wheat to a virtual stop with supplies from alternative origins more expensive.
TCP finalises deals for wheat import
Earlier this month, TCP bought 365,000 tons at $348.83 a ton c&f in a previous tender seeking up to 750,000 tons, before issuing the current tender for another 185,000 tons.
Traders said trading houses submitted the following offers in the latest tender, with tons offered and initially estimated prices in dollars a ton c&f:
Company | Price | Tons offered |
Bunge | 339.36 | 60,000 |
Olam | 341.88 | 60,000 |
Ameropa | 343.47 | 60,000 |
Agrocorp | 343.74 | 60,000 |
CHS | 345.00 | 60,000 |
Mera | 346.19 | 60,000 |
LDC | 346.50 | 120,000 |
Falconbridge | 347.49 | 60,000 |
Al Ghurair | 349.00 | 60,000 |
Saif | 350.53 | 60,000 |
Soufflet | 354.82 | 60,000 |
Aston | 354.83 | 60,000 |
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