Bangladesh gets offers in 50,000 T wheat purchase tender (updated)
22/10/2024 10:06
(Adds trader comments on likely origins in paragraphs 6-7)
HAMBURG, Oct 22 (Reuters) - The lowest offer in an
international tender from Bangladesh's state grains buyer to
purchase and import 50,000 metric tons of wheat on Tuesday was
assessed at $301.38 a metric ton liner out, European traders
said.
The offer was believed to have been submitted by trading
house Agrocorp. Offers are still being considered and no
purchase has yet been made, traders said.
Bangladesh generally does not make immediate decisions about
wheat purchases which can take some time to be confirmed.
Reports reflect assessments from traders and further
estimates of prices and volumes are still possible later.
Traders said two other offers were submitted in the tender
per ton liner out, with DMCC Agro offering $303.20 and Cereal
Crops $306.75.
Traders said wheat offered by Agrocorp and DMCC was believed
to have been offered as optional origin with possible loadings
at large numbers of ports. Wheat from Cereal Crops was expected
to be sourced from Russia with Black Sea loading.
Russia has been seeking unofficially to brake its huge wheat
exports with a series of measures. Russia’s Grain Exporters
Union started publishing minimum indicative export prices for
Russian wheat last week, a move that helped raise Russian export
prices.
Liner out costs include ship unloading costs for the wheat
seller.
Shipment is sought by Bangladesh 40 days after the date of
contract signing. The wheat can be sourced from any origins
worldwide except Israel.
(Reporting by Michael Hogan; Editing by Emelia Sithole-Matarise
and Mark Potter)
((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54;
Reuters Messaging:
michael.hogan.thomsonreuters.com@reuters.net))