Traders estimate Iran’s recent purchase of Russian wheat at 500 thsd tons
Iran’s state-run GTC agency likely purchased about 500,000 tons of wheat at the end of last week. Most of it was Russian grain, Reuters reports.
The news agency is revising its estimate of the purchase volume for the second time, citing data from European traders. It also mentions unconfirmed rumors of 1 million tons.
The initial estimate was 120,000 tons, the second was about 250,000 tons.
Deliveries are scheduled for April. In some deals, the price could have been 310 euros per tonne C&F.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Black Sea Export Strategies Within the Pressure of the Global Food Market
Black Sea Wheat Market Faces New Competition and Price Pressure Ahead of Harvest
Ukraine maintains leadership in sunflower oil supplies to the EU
Іugarcane crops in Bangladesh have halved in the last 10 years
Egypt to develop biodiesel production from used cooking oil
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon