Taiwan buys estimated 104,150 T wheat of U.S. origin

The Taiwan Flour Millers' Association acquired an estimated 104,150 metric tons of milling wheat to be sourced from the United States in a tender on Friday, European traders stated.

The purchase involved various wheat types for delivery from the U.S. Pacific Northwest coast in 2 consignments.

The first consignment of 54,225 lots was for delivery in between Aug. 25 and Sept. 8 and involved 34,750 tons of U.S. dark northern spring wheat of minimum 14.5% protein content. It was bought at an estimated $277.72 a lot complimentary on board (fob) and $ 316.60 cost and freight (c&& f) including ocean shipping expenses to Taiwan, they stated.

It likewise consisted of 13,225 tons of difficult red winter wheat of minimum 12.5% protein material, purchased $268.10 a ton fob and $ 306.98 a heap c&& f, plus 6,250 lots of soft white wheat of minimum 8.5% and optimum 10% protein, bought at $243.10 a ton fob and $281.98 c&& f

. The dark northern spring wheat in the first consignment was offered by trading home Columbia Grain International and the difficult red and soft white was sold by Bunge, traders said.

The second consignment was 49,925 loads for Sept. 12-26 shipment included 31,425 tons of U.S. dark northern spring wheat of minimum 14.5% protein content at an estimated $283.29 a load fob and $323.17 a lot c&& f

. It likewise included 11,850 lots of tough red winter season wheat of minimum 12.5% protein material purchased $261.07 a heap fob and $ 300.95 c&& f, plus 6,650 tons of soft white wheat of minimum 8.5%. and optimal 10% protein, purchased $248.13 a heap fob and $288.01. c&& f.

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

Reports reflect evaluations from traders and even more. price quotes of prices and volumes are possible later on.

(source: Reuters)