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Markets

Jordan buys 60,000 tonnes feed barley in tender -trade

Published Updated

HAMBURG/DUBAI: Jordan's state grain buyer purchased about 60,000 tonnes of animal feed barley to be sourced from optional origins in an international tender for up to 120,000 tonnes that closed on Wednesday, traders said.

It made the purchases at $223.20 a tonne c&f for shipment in the second half of June.

Trading house Glencore was believed to be the seller.

Jordan has struggled to make purchases in a series of wheat and barley tenders in recent months, with traders saying uncertainty about new quality controls and payment terms had reduced participation by major grain exporting houses.

However, 10 trading houses took part in the tender on Wednesday, seen as a normal level of participation.

Other trading houses which took part with their offers in dollars a tonne c&f were CHS with $231.28, Ameropa $233, Olam $237, Bunge $237, CBH $246, Cofco $247, GTCS $253, Cerealcom Dolj $256 and Soufflet $264.94.

Copyright Reuters, 2019

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