Taiwan bought 86,000 tonnes U.S. wheat in tender- trade

01.11.2017

The Taiwan Flour Millers' Association purchased 86,000 tonnes of milling wheat to be sourced from the United States in an international tender which closed on Tuesday, European traders said on Wednesday.

The wheat was bought in two consignments for shipment from the U.S. Pacific North West coast.

The first consignment for shipment between Dec. 13-27 involved 24,950 tonnes of U.S. dark northern spring wheat of 14.5 percent protein content bought at $288.89 a tonne FOB U.S. Pacific North West coast, traders said.

It will also see 11,100 tonnes of hard red winter wheat of 12.5 percent protein content bought at $235.28 a tonne FOB and 7,650 tonnes of soft white wheat with 9 percent protein bought at $203.44 a tonne FOB, they said.

The first consignment has an additional freight charge of $33.89 a tonne for ocean shipping from the U.S. Pacific North West coast to Taiwan, they said.

The second consignment for shipment between Dec. 30, 2017, and Jan. 13, 2018, was purchased at the same prices as the first consignment.

The purchase involved 24,050 tonnes of dark northern spring wheat of 14.5 percent protein content, also bought at $288.89 a tonne FOB U.S. Pacific North West coast, traders said.

The second consignment will also involve 12,150 tonnes of hard red winter wheat of 12.5 percent protein content bought at $235.28 a tonne FOB, and 6,100 tonnes of soft white wheat with 9 percent protein bought at $203.44 a tonne FOB, they said.

The second consignment has an additional charge of $34.79 a tonne for ocean shipping from the U.S. Pacific North West coast to Taiwan, they said.

Both the first and second consignments were bought from trading house CHS, they said.

U.S. wheat futures fell to contract lows on Tuesday as technical selling pressure dragged prices lower for a fifth straight session.


indiatimes

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