Iraq Business News: Iraq Makes no Purchase in 50,000 ton Wheat Tender

Iraq Business News All the latest business news from Iraq

Iraq Makes no Purchase in 50,000 ton Wheat Tender Oct 9th 2012, 13:54 The Iraqi Ministry for Trade has made no purchase in a tender for at least 50,000 tonnes of wheat, according to a report from Reuters. The tender for wheat of any origin had closed on 1st October, with offers having to stay valid until 5th October. A source at the trade ministry gave no reason for the decision not to purchase; Iraq, one of the world’s largest importers of wheat, frequently buys more than the tender volumes. The lowest prices offered to Iraq in the latest tender were for Romanian wheat at $399.50 a tonne c&f free out (ciffo), followed by prices of $406, $408.50 and $417 a tonne ciffo for a combination of Ukrainian, Brazilian and Argentine wheat. (Source: Reuters)

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