Jordan buys 60,000 tonnes of wheat from CHS at $318.95 per tonne
Jordan purchased 60,000 tonnes of wheat from CHS in an international tender that sought up to 120,000 tonnes. The grain was priced at about $318.95 per tonne, including cost and freight, for shipment in the first half of October.
Jordan secures half of tender target
Jordan’s state grain buyer purchased about 60,000 tonnes of wheat in an international tender that sought up to 120,000 tonnes, according to European traders cited by Reuters and CNBC Arabia. The transaction therefore covered half of the maximum volume requested in the tender.
The wheat was bought from trading company CHS at an estimated $318.95 per tonne, including cost and freight. Shipment is scheduled for the first half of October. The sources did not identify the wheat’s origin, discharge arrangements or other contractual specifications.
CHS submits the lowest reported offer
Three other trading companies submitted cost-and-freight offers. Olam quoted approximately $324.50 per tonne, Bunge offered $337 per tonne and Cargill submitted a price of $339.80 per tonne, according to Reuters reporting carried by CNBC Arabia. CHS consequently secured the purchase with the lowest price among the four offers disclosed.
The CHS price was $5.55 per tonne below Olam’s offer, $18.05 below Bunge’s and $20.85 below Cargill’s. Applied to the purchased volume of 60,000 tonnes, the difference between the accepted price and the next-lowest disclosed offer amounts to $333,000. The spread between the lowest and highest bids reached $20.85 per tonne, illustrating the range of freight-inclusive prices available to the Jordanian buyer in this tender.
New tender will test October supply options
Jordan plans to issue another wheat tender on August 27, traders said. The next procurement will seek shipment in either the first or second half of October. No targeted volume or purchasing price for that tender was specified in the source material.
The follow-up tender gives Jordan an opportunity to obtain additional October coverage after buying only half of the maximum quantity sought in the latest round. It could also show whether suppliers are prepared to narrow the gap between the accepted CHS price and the higher offers submitted by competing traders.
Imports remain central to domestic supply
Aswaq Information reported that the purchase forms part of Jordan’s efforts to secure grain through international tenders, as the kingdom relies on imports to meet a major share of domestic demand. Regular state buying makes Jordan’s tenders relevant to exporters and international trading houses competing for demand in the Middle East.
For market participants, the immediate signals are limited but concrete: Jordan has fixed the price and timing for 60,000 tonnes, while a further procurement round is approaching. The August 27 tender will provide the next indication of Jordan’s near-term buying requirements and the cost of securing wheat for October delivery.
