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The Iraqi Grain Board bought 300,000 metric tons of wheat of Canadian origin out of a tender which closed March 13, according to the head of the board.
Hassan Ismail Ibrahim told Dow Jones Newswires that 100,000 tons were bought from Jordan-registered Jresat at $361/ton cost and freight, 100,000 tons from Glencore International PLC (GLEN.LN) at $356/ton C&F, 50,000 tons from Louis Dreyfus at $361.22/ton and 50,000 tons from Archer Daniels Midland Co. (ADM) at $361/ton C&F.
Ibrahim also said that the board is planning to issue new tender to buy wheat in April.
This is the second time Iraq purchased Canadian wheat in less than a month, having bought 400,000 tons Feb. 22, which was the result of a tender closed Feb.19.
Iraq consumes 3.5 million-4 million tons of wheat a year mostly supplied through imports.
-By Hassan Hafidh, Dow Jones Newswires; +962 799 831 831; firstname.lastname@example.org