TCP receives wheat supply offers

Published June 17, 2008

PARIS, June 16: The Trading Corporation of Pakistan has received offers of between $399.45 and $520.83 per ton, cost and freight included, in its tender to buy 250,000 tons of wheat over the weekend, European traders said on Monday.

No official decisions have been made but Pakistan was interested in the cheapest offer of $399.45 made by a Russian company for 100,000 tons C&F for shipment in July, the traders said.

“What they want is shipments in July,” said one of the traders who had heard of requests from Pakistan to seek 150,000 extra tons of wheat for July shipment at the price levels offered by the Russian firm.

Offers were presented by 15 companies in total for volumes ranging from 25,000 to 150,000 tons for shipment in July and/or August.—Reuters

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