Tunisia’s state grains agency purchased about 50,000 tons of soft milling wheat to be sourced from optional origins in an international tender for up to 100,000 tons that closed on Thursday, European traders were quoted as saying by Reuters.
The wheat was bought in two 25,000 ton consignments, at $193.12 a ton c&f from trading group ADM and at $193.73 a ton c&f from Dreyfus, they said.
“Tunisia did not want to purchase at over $194 a ton c&f and with the weak prices in global grain markets, the country expects to be able to buy its requirements for December shipment at a low price,” one trader said.
In its last tender on Friday, the state grains agency bought about 75,000 tons of soft milling wheat at the lowest price of $190.44 a ton c&f after seeking offers for up to 167,000 tons.
Wheat futures in Chicago have fallen nearly 9 percent in August as a bumper crop approaches in Russia.
The wheat on Thursday was sought in four consignments of 25,000 tons for shipment between Nov. 1 and Dec. 25, depending on the origin selected.