March 21, 2012

 

Iraq imports 300,000-tonne wheat from Canada

 

 

The Iraqi Grain Board has purchased 300,000 tonnes of wheat of Canadian origin in a tender, which ended March 13, according to the head of the board.

 

Hassan Ismail Ibrahim told Dow Jones Newswires that 100,000 tonnes were bought from Jordan-registered Jresat at US$361/tonne cost and freight, 100,000 tonnes from Glencore International PLC (GLEN.LN) at US$356/tonne C&F, 50,000 tonnes from Louis Dreyfus at US$361.22/tonne and 50,000 tonnes from Archer Daniels Midland Co. (ADM) at US$361/tonne C&F.

 

Ibrahim also said that the board is planning to issue new tender to buy wheat in April.

 

This is the second time Iraq purchased Canadian wheat in less than a month, having bought 400,000 tonnes February 22, which was the result of a tender closed February 19.

 

Iraq consumes 3.5 million-4 million tonnes of wheat a year mostly supplied through imports.