AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

HAMBURG: The lowest price offer received by Iraq's state grains buyer in a tender to purchase at least 30,000 tonnes of rice was $305 a tonne c&f free out for rice 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 rice from Pakistan at $445 a tonne c&f free out, they said. The lowest among a series of offers for rice from Thailand was $459 a tonne c&f free out.

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

Iraq also received single offers for rice 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 rice purchase on Nov. 16, Iraq's trade ministry said it had bought 90,000 tonnes of US rice in a direct deal outside the tender process.

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

Iraq had been struggling to import grains 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 rice tender by international rice export houses was again at normal levels.

 

Copyright Reuters, 2017

Comments

Comments are closed.