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Iraq Buys 250,000 Tons of Australian, Russian, Canadian Wheat

Date : 06/17/2012 @ 5:25PM
Source : Dow Jones News

Iraq Buys 250,000 Tons of Australian, Russian, Canadian Wheat

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   By Hassan Hafidh 
 

The Iraqi Grain Board, a state utility, has bought a total of 250,000 metric tons of wheat of Australian, Russian and Canadian origins, a senior board official said Sunday.

Iraq bought from Glencore International PLC (GLEN.LN) some 100,000 metric tons of Australian wheat. Glencore will also supply 50,000 metric tons of Russian wheat, he said.

Olam International Ltd. (O32.SG) will supply another 50,000 metric tons of Russian wheat, while Viterra Inc. (VT.T) will supply some 50,000 metric tons of Canadian wheat, the senior official said.

He declined to give prices.

The official said the state-run Iraqi grain board has so far also received some 1.250 million metric tons of wheat from local farmers.

Iraq consumes between 3.5 million and 4.0 million tons of wheat a year.

Write to Hassan Hafidh at hassan.hafidh@dowjones.com.



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