Pakistan Receives $339 Per Tonne Wheat Import Offer

In practice, the Trading Corporation of Pakistan has received an offer of regarding $339.36 per tonne for part of its tender to import 185, 000 tonnes of wheat, according to initial assessments by European traders.

Key points

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• The offer, believed to have been submitted by trading house Bunge for around 60, 000 tonnes, was the lowest documented rate in the tender.
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• Alternative wheat supplies are available but are at present more expensive, adding pressure to import costs.
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Notably, the offer, believed to have been submitted by trading house Bunge for around 60, 000 tonnes, was the lowest documented rate in the tender. It closed Monday. The cost includes cost and freight. Pakistan Faces $2 Billion Cotton Shortage.

TCP is still evaluating the offers and has not documented a purchase. Traders expect the state agency to decide on the tender over the next few days.

In practice, the tender comes as wheat importers face tighter and more expensive supplies after fighting that has brought seaborne exports of cheaper Russian and Ukrainian wheat from the Black Sea region to a virtual halt.

In practice, the documented costs and volumes are initial trader assessments and could change as further estimates emerge. Stay Connected with ProPakistani.

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For now, pakistan Receives $339 Per Tonne Wheat Import Offer remains the part of the story worth watching, and further updates are likely as more details are confirmed.