Taiwan buys estimated 104,150 ton wheat of US origin

By Reuters

The Taiwan Flour Millers’ Association purchased an estimated 104,150 metric tons of milling wheat to be sourced from the United States in a tender on Friday, European traders said.
The purchase involved various wheat types for shipment from the US Pacific Northwest coast in two consignments.
The first consignment of 54,225 tons was for shipment between Aug. 25 and Sept. 8 and involved 34,750 tons of US dark northern spring wheat of minimum 14.5% protein content. It was bought at an estimated $277.72 a ton free on board (fob) and $316.60 cost and freight (c&f) including ocean shipping costs to Taiwan, they said.
It also included 13,225 tons of hard red winter wheat of minimum 12.5% protein content, bought at $268.10 a ton fob and $306.98 a ton c&f, plus 6,250 tons of soft white wheat of minimum 8.5% and maximum 10% protein, bought at $243.10 a ton fob and $281.98 c&f.

The dark northern spring wheat in the first consignment was sold by trading house Columbia Grain International and the hard red and soft white was sold by Bunge, traders said.
The second consignment was 49,925 tons for Sept. 12-26 shipment involved 31,425 tons of US dark northern spring wheat of minimum 14.5% protein content at an estimated $283.29 a ton fob and $323.17 a ton c&f.

It also included 11,850 tons of hard red winter wheat of minimum 12.5% protein content bought at $261.07 a ton fob and $300.95 c&f, plus 6,650 tons of soft white wheat of minimum 8.5% and maximum 10% protein, bought at $248.13 a ton fob and $288.01 c&f.

CHS sold the dark northern spring wheat in the second consignment and Columbia Grain sold the hard red and soft white wheat.

Reports reflect assessments from traders and further estimates of prices and volumes are possible later.

This article has been republished from The Times of India.