Recent developments in international wheat trade

July 22, 2015

bdaa44162edfa3804425ca50eb356a28_clientImage_300x225_medium_original_1

From WATTAgNet:

Iran has imposed import duties on wheat and barley, hurting chances for more trade in the aftermath of the country’s historic nuclear deal.

The wheat duty is IRR1,500 per kilo (US$50 per ton). Traders say that amount would render wheat imports commercially unfeasible. The new wheat duty has been imposed for the next year, and the barley duty until September 22, 2015.

The import duty applies to all private sector importers, traders and mills. It does not apply to the state import agencies Government Trading Corp. of Iran (GTC) or the State Livestock Affairs Logistic Co. (SLAL).

Traders said the move was seen as an effort to protect Iranian farmers from cheap imports an prevent imported grain from being resold to the government at higher prices.

Huge wheat tender in Egypt

The world’s biggest wheat importer, Egypt, received offers for 22 cargos at a recent tender, including some offered at prices not seen in years.

At its fourth wheat tender of 2015-16, Egypt’s Gasc grain authority purchased 175,000 tons of wheat, all from Russia, for an average price of $205.37 per ton including freight.

Gasc was offered 1.3 million tons of wheat, an unusually large amount. Gasc’s previous tender attracted less than 900,000 tons in offers. Its best tenders in July 2014 received 950,000 tons.

Iran slaps import duty on wheat, barley, hurting hope for fresh trade

HAMBURG/DUBAI: Iran has imposed import duties on wheat and barley, an Iranian government regulation document seen by Reuters on Wednesday showed, hurting hope for more trade after the country’s historic nuclear deal. The wheat duty is 1,500 rials per kilo, or about $45 to $50 a tonne, according to the document, a level that would render wheat imports commercially unfeasible, traders said.

Egypt wheat tender attracts huge 1.3m tonnes in offers

A tender by Egypt, the world’s biggest wheat importer, underlined the plethora of the grain for sale when it received offers for an unusually large 22 cargos ? including some offered at prices not seen by the buyer in years. Egypt’s Gasc grain authority – at its fourth wheat tender of 2015-16, which started this month – purchased 175,000 tonnes of the grain, all from Russia, for an average of $205.37 as tonne including freight.