HAMBURG: The Taiwan Flour Millers' Association has purchased 109,175 tonnes of milling wheat to be sourced from the United States in an international tender that closed on Tuesday, European traders said.
The purchase involved a range of wheat types bought in two consignments.
The first consignment involved 29,250 tonnes of U.S. dark northern spring wheat of 14.5 percent protein content bought at $230.81 a tonne FOB U.S. Pacific Northwest coast from trading house Cargill, traders said.
The first consignment also involved 18,400 tonnes of hard red winter wheat of 12.5 percent protein content bought at $220.41 a tonne FOB from United Grain Corp and 6,525 tonnes of white wheat with 9 percent protein bought at $218.60 a tonne FOB also from Cargill.
The first consignment is for June 7-21 shipment and has an additional freight charge of $27.61 a tonne for ocean shipping from the U.S. Pacific Northwest coast to Taiwan, they said.
The second consignment was all sold by United Grain and included 30,260 tonnes of U.S. dark northern spring wheat of 14.5 percent protein content bought at $229.65 a tonne FOB U.S. Pacific Northwest coast, traders said.
The second consignment also involved 17,935 tonnes of hard red winter wheat of 12.5 percent protein content bought at $216.71 a tonne FOB and 6,805 tonnes of white wheat bought at $219.30 a tonne FOB.
The second consignment was for shipment between June 22 and July 6 and has an additional freight charge of $27.72 a tonne for ocean shipping from the U.S. Pacific Northwest coast to Taiwan, they said.
Chicago wheat futures fell more than 1 percent to a one-month low on Monday, pressured by generally favourable U.S. crop conditions and expectations of abundant global supplies.
In its last reported tender on March 22, the Taiwanese association purchased 110,000 tonnes of milling wheat also to be sourced from the United States.
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