Black: Sea wheat Flour millers buy 100,000 tons

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 15^th, 2014.

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