Iraq Buys 300,000 Tons Canadian Wheat - Grain Board
March 20 2012 - 12:20AM
Dow Jones News
The Iraqi Grain Board bought 300,000 metric tons of wheat of
Canadian origin out of a tender which closed March 13, according to
the head of the board.
Hassan Ismail Ibrahim told Dow Jones Newswires that 100,000 tons
were bought from Jordan-registered Jresat at $361/ton cost and
freight, 100,000 tons from Glencore International PLC (GLEN.LN) at
$356/ton C&F, 50,000 tons from Louis Dreyfus at $361.22/ton and
50,000 tons from Archer Daniels Midland Co. (ADM) at $361/ton
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 tons Feb. 22, which was the
result of a tender closed Feb.19.
Iraq consumes 3.5 million-4 million tons of wheat a year mostly
supplied through imports.
-By Hassan Hafidh, Dow Jones Newswires; +962 799 831 831;
hassan.hafidh@dowjones.com
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