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Iraq Confirms Tender To Buy Opt-Origin Hard Wheat
Iraq issued a tender to buy 100,000-150,000 metric tons of optional-origin hard wheat for delivery in March and April, a senior official with the Grain Board of Iraq said Monday.

This confirms tender reports passed through the U.S. trade last week.

"We usually buy much more wheat than the amount we mention in our tenders," the official told Dow Jones Newswires.

The official, however, didn't say how much the board is planning to buy.

He said the tender is targeting all suppliers of hard wheat in the world and it is not for a specific supplier. The closing date of the tender is Jan. 28.

He said the board would study offers based on free on board or cost insurance freight basis.

Over the last few months, Iraq has bought large amounts of hard wheat on an FOB basis, a change from its traditional system based on CIF.

Trade Ministry statistics show Iraq needs to buy around 3 million tons of wheat and 1 million tons of rice every year.

The U.S. Department of Agriculture forecasts that Iraq will buy 3.8 million tons of wheat in 2005-06, up from 3.0 million tons the previous season.

U.S. has stepped up wheat sales to Iraq this season, taking market share from Australia, who had been the dominant supplier to Iraq in the previous 15 years.

Since June Iraq has purchased 2.1 million tons of U.S. hard red winter wheat of which 906,000 tons remains left to be shipped, according to current USDA figures.

In recent year's Australia's bulk wheat exporting monopoly, the AWB Ltd. (AWB.AU), sold wheat to Iraq through the U.N's oil-for-food program. The AWB is currently under investigation over possible corruption and kickbacks involving the U.N.'s program
MGR Archive 24.1.2006
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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