January 12, 2005

Taiwan TFMA Buys 82,190 MT US Wheat From Mitsui, UH-Trade

Taiwan Flour Millers Association bought a total of 82,190 metric tons of US No. 1 wheat from trading houses Mitsui and United Harvest in a tender concluded Tuesday, according to a Taipei-based trader.

TFMA bought two cargoes of milling wheat to be shipped Feb. 22-March 9 and March 9-24 from the Columbia River District, including Portland, the trader said.

Mitsui supplied the first cargo while United Harvest sold the second, the trader said.

All wheat prices agreed are on a free on board basis. TFMA has also fixed separate freight charges at $43.25/ton and $43.35/ton for the first and second cargoes respectively.

Below are details of TFMA's Tuesday tender:

Quantity   Variety                               Prices
(tons)     (% of protein content)         ($/ton)
25,480     Dark Northern Spring 14%   196.35
10,820     Hard Red Winter 13%          166.13
 5,100     Western White 10.5%           148.86
 
25,720     Dark Northern Spring 14%    196.45
10,450     Hard Red Winter 13%           166.01
 4,620     Western White 10.5%            147.55