Iraq News - Local News - Baghdadpost

Iraq receives offers for rice in tender

rice
A farmer holds rice in his hand in Khon Kaen province in northeastern Thailand March 12, 2019. Picture taken March 12, 2019
An Iraqi state tender for rice attracted a lowest offer of $455.68 a tonne for 40,000 tonnes of Thai rice, traders said on Sunday.

The offer was presented by Olam International.

Iraq is seeking at least 30,000 tonnes of rice of any origin and offers must remain valid up to April 7.

The trade ministry purchased 120,000 tonnes of Vietnamese rice in a direct deal on Feb. 19, after it had been absent from the international market for the grain for several months.

Traders gave the following breakdown of offers in dollars per tonne on a cost, insurance and freight (CIF) basis:

* VA Trading: 30,000 tonnes of Thai rice at $479.79

* ADM: 40,000 tonnes of U.S. rice at $585.00 and 40,000 tonnes of U.S. rice at $585.00

* Olam International: 40,000 tonnes of Thai rice at $455.68

* Olam International: 30,000 tonnes of Brazilian rice at $549.87

* Olam International: 30,000 tonnes of Vietnamese rice at $509.67

* Saif International: 30,000 tonnes of Argentinian rice at $579.00

* Saif International: 30,000 tonnes of Paraguayan rice at $570.00

* Hanalico: 60,000 tonnes of Uruguayan rice at $590.00

* Hanalico: 30,000 tonnes of Argentine rice at $579.25

* Tiryaki: 30,000 tonnes of Brazilian rice at $549.00

* Mazaya: 30,000 tonnes of Vietnamese rice at $464.00

* Mazaya: 30,000 tonnes of Thai rice at $466.00
Read
Comments