July 5, 2006

Philippines to buy 30,000 tonnes feed wheat in July-6 tender

Philippine feed millers plan to buy 30,000 tonnes of optional-origin wheat in a tender July 6 for September shipment, an industry official said Tuesday (Jul 4).

"Probable sources include China, Brazil or Ukraine," the official said.

But another official said trade sources have given an indicative price of US$170/tonne, cost and freight basis, higher than the contract price of US$159/tonne made a month ago.

"It's doubtful whether feed millers will actually buy," the second official said.

The Philippines imported more than 500,000 tonnes of feed wheat last year. Imports this year could double last year's volume due to a shortfall in local corn production, according to traders.