Recent international tenders indicate wheat price stabilization

Despite the ongoing conflict in Iran, global markets have not yet shown speculative increases in wheat demand or prices. This is due to a substantial supply of both old and new crops, which supports price stability. This means that Ukrainian wheat currently does not have additional demand, and large stocks in Ukraine and the EU continue to put pressure on prices.

Analysts note that markets remain sensitive to any changes in logistics or supply, but so far the situation shows sufficient availability to meet global demand.

Here is a summary of recent tender purchases:

Tunisia’s Grain Agency (ODC) held a tender on March 31 for 100,000 tons of soft wheat of any origin. Thirteen companies participated, with bid prices ranging from $274.73 to $295.5 per ton. Purchases included 50,000 tons from Cargill at $274.74/ton C&F, 25,000 tons from Buildcom at $274.73/ton C&F, and 25,000 tons from Casillo at $275.49/ton C&F.

Jordan’s Ministry of Industry and Trade held a tender on March 31 for 120,000 tons of milling wheat of any origin, purchasing 60,000 tons from Cargill for delivery between July 16–31 at $275.95/ton C&F.

Tags: prices, wheat