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Indian rice offered lowest in Iraq's 30,000 T tender

Reuters  |  HAMBURG 

HAMBURG (Reuters) - The lowest price offer received by Iraq's state buyer in a tender to purchase at least 30,000 tonnes of was $305 a tonne c&f free out for to be sourced from India, traders said on Monday.

The traders said they believed the Iraqi buyer had not yet made a decision in the tender, which closed on Monday with offers having to remain valid up to Dec. 10.

One offer was made for from Pakistan at $445 a tonne c&f free out, they said. The lowest among a series of offers for from Thailand was $459 a tonne c&f free out.

One offer was made for from the United States at $667 a tonne c&f free out.

also received single offers for from Argentina at $575 a tonne c&f free out, optionally from Argentina or Uruguay at $591 a tonne c&f free out, from Paraguay at $569 a tonne c&f free out and from Vietnam at $573 a tonne c&f free out.

In its last reported purchase on Nov. 16, Iraq's trade ministry said it had bought 90,000 tonnes of U.S. in a direct deal outside the tender process.

Iraq's cabinet in May authorised the trade ministry to make direct purchases of wheat and to guarantee food security.

had been struggling to import for its food subsidy programme after introducing new payment and quality terms that kept traders away from its international tenders earlier this year.

But traders said participation in the latest tender by international export houses was again at normal levels.

(Reporting by Michael Hogan; Editing by Gareth Jones)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 23:11 IST