Pakistan gets offers in 185,000 metric ton wheat tender, traders say
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 has received bids for a wheat import tender of 185,000 metric tons, according to traders. The lowest offer, believed to be submitted by trading firm Bunge, was $339.36 per metric ton, including cost and freight, European traders reported. The state agency Trading Corporation of Pakistan (TCP) is still deliberating the bids, and a purchase has not been confirmed.
A decision is expected in the coming days, as the tender comes at a challenging time for importers due to the disruption in Black Sea exports of cheap Russian and Ukrainian wheat, making alternative origins more expensive. Earlier this month, TCP had purchased 365,000 tons at $348.83 per ton c&f in a previous tender seeking up to 750,000 tons.
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