Taiwan buys 83,980 tonnes of US wheat

April 13, 2013

United States Wheat
United States Wheat

The Taiwan Flour Millers’ Association purchased 83,980 tonnes of milling wheat to be sourced from the United States in a tender which closed on Thursday, European traders said. The tender had sought shipment in two consignments between May 15-29 and June 1-15.

The May consignment of 46,380 tonnes, in fob prices, comprised 21,800 tonnes of dark northern spring wheat of 14.5 percent protein bought at $349.20 a tonne, 14,180 tonnes of hard red winter of 12.5 percent protein at $330.45 a tonne and 10,400 tonnes of winter white at $307.97 a tonne. There is an additional charge of $30.46 a tonne for shipping in May from the US Pacific North West coast to Taiwan.

The June consignment of 37,600 tonnes, in fob prices, comprised 24,550 tonnes of dark northern spring of 14.5 protein bought at $343.10 a tonne and 13,050 tonnes of hard red winter with 12.5 percent protein bought at $330.45 a tonne. There is an additional charge of $33.45 a tonne for June shipping from the US Pacific North West coast to Taiwan. The purchase was above the tender volume of 82,330 tonnes. US wheat prices fell more than 1 percent on Wednesday after the US Department of Agriculture (USDA) estimated larger grain stockpiles than the market had expected, creating sudden opportunities for wheat importing countries. Source Reuters

 

Published: Zarai Media Team

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