Home / Commodities / Commodity News / Tunisia buys estimated 100,000 T soft wheat, traders say

Tunisia buys estimated 100,000 T soft wheat, traders say

Tunisia’s state grains agency is believed to have purchased about 100,000 metric tons of soft wheat in an international tender for the same volume on Wednesday, European traders said.

Traders said the wheat was bought in four 25,000 ton consignments.

Trading house Casillo was believed to have sold three consignments at $273.69, $274.89 and $279.49 all per ton cost and freight (c&f) included.

Trading house Cargill was believed to have sold one consignment at $277.93 a ton c&f.

Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.

The grain was sought sourced from optional origins with shipment between June 5 and June 30, depending on the origin selected.

In its last reported soft wheat tender on April 4, Tunisia’s state grains agency purchased about 75,000 tons at the lowest price of $232.95 a ton c&f.

Since then, wheat prices have risen to 10-month highs largely on concern about bad weather damaging the harvest in leading exporter Russia.

Traders said finance for Wednesday’s tender was provided by the World Bank, one of several organisations helping Tunisia during its current economic difficulties.
Source: Reuters (Reporting by Michael Hogan, editing by Kirsten Donovan)

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