Indonesian flour millers bought two cargoes of Australian prime wheat in recent deals, while an international trader sold one cargo of feed with optional origin to animal feed makers in Thailand, two trade sources said. Australian prime wheat with 10.5 percent protein content was sold to Indonesian mills at about $207-$210 a tonne, free on board for September shipment, they said.
The Philippines is expected to buy about 50,000 to 60,000 tonnes of feed wheat this week, the trade sources added. "Overall, buying has been slow because there are ample supplies of wheat all over the world. We saw Indonesian mills take two cargoes and the Philippines is expected to be in the market," said a trader with an international trading company in Singapore. "Thailand has been a pretty regular buyer of feed wheat, they take about 200,000 to 250,000 tonnes every month."
About 65,000 tonnes of feed wheat with optional origin was sold to Thai feed makers at $180-$181 a tonne, including cost and freight, for shipment in February-March next year. "It will most likely come from the Black Sea region but France has also been very competitive with lower quality wheat," said a second trader in Singapore. South Korea's Major Feedmill Group purchased up to 70,000 tonnes of optional-origin yellow corn in a tender which closed on Wednesday.
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