Black: Sea wheat Flour millers buy 100,000 tons

One cargo is scheduled to be shipped in October and the other is for arrival between October 15 and November 15.


Reuters August 15, 2014

SINGAPORE:


Pakistan’s flour millers bought around 100,000 tons of wheat from the Black Sea region this week, while importers in Bangladesh booked 50,000 tons.


Importers in Pakistan paid $269.50 a ton, including cost and freight, for two cargoes of wheat with 11.5% protein, traders said. One cargo is scheduled to be shipped in October and the other is for arrival between October 15 and November 15.


Buyers in Bangladesh paid $255 a ton for 50,000 tons of wheat with 10.5% protein. It is due for shipment in the second half of September.


“Bangladesh is keen on buying some high-protein wheat as well for October shipment,” said a Singapore-based trader. “They are looking at 70,000 tons with 12.5% protein.” 

Published in The Express Tribune, August 15th, 2014.

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