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|12 December, 2018

Iraq buys 50,000 tonnes U.S. wheat in tender - trade

It was purchased from trading house ADM at $320.31 a tonne

Image used for illustrative purpose. A woman carries a bundle of newly harvested wheat stalks in Albu Efan village southwest of Falluja, 50 km (30 miles) west of Baghdad, April 30, 2008.

Image used for illustrative purpose. A woman carries a bundle of newly harvested wheat stalks in Albu Efan village southwest of Falluja, 50 km (30 miles) west of Baghdad, April 30, 2008.

REUTERS/Mohanned Faisal

HAMBURG - Iraq’s trade ministry purchased 50,000 tonnes of wheat to be sourced from the United States in an international tender which closed last week, European traders said.

It was purchased from trading house ADM at $320.31 a tonne c&f liner out.

The purchase had been widely anticipated as the wheat bought was the lowest price offered in the tender on Dec. 3. 

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But the ministry had asked for offers to remain valid up to Tuesday, Dec. 11, and also made the final purchase on Tuesday evening.

(Reporting by Michael Hogan and Maha El Dahan) ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))

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