Iraq extends deadline in restricted tender to buy wheat

Iraq’s state grains buyer has extended the deadline for validity of price offers in tender to buy a nominal 50,000 tonnes of milling wheat in which only a limited number of trading companies were asked to participate, European traders said on Monday.

The tender has been restricted to about eight trading houses in the United States and Canada, traders said.

The deadline for submission of price offers in the tender was Jan. 3 but Iraq has asked tender participants to extend the validity of their offers until Jan. 13, traders said.

No purchase has yet been reported, they said. The wheat can be sourced optionally from the United States, Canada or Australia, traders said.

Volumes in Iraq’s tenders are nominal and the country has in the past frequently bought more than the tonnage originally requested.

Zawya.com

Tags: USA, Iraq, Australia, tender, Canada, wheat