November 10, 2004

 

 

Iraq Tenders to Buy up to 150,000 MT US Wheat


Iraq has tendered to buy 100,000 to 150,000 metric tons of US hard red winter wheat for December - January delivery, according to the head of the Iraqi Grain Board Khalil Assi on Tuesday.
 
Assi said although they were tendering for up to 150,000 tons of US hard wheat, Iraq intends to buy 350,000 tons of US hard red winter wheat to partly meet domestic requirements in 2005.
 
The closing date of the tender is Nov. 17.
 
The tender said the quantity could be divided into more than one lot, with each lot to be a minimum of 30,000 tons.
 
Approximately half of the total amount should be delivered in December and the rest in January, with the offer price on a cost and freight basis and the wheat at number two grade or better.
 
Iraq said last month it had canceled the purchase of 500,000 tons of hard wheat from the US, as the two sides could not agree on a price.
 
Last month Iraq bought one million tons of new crop hard milling wheat from the Australian exporter AWB Ltd for delivery over the next six months.
 
Iraq needs to buy three million tons of wheat in 2005 because of a poor 2004 harvest. Iraq produces 750,000 to one million tons of wheat a year.