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Pak importers purchase about 55,000 tonnes Black Sea wheat

June 23, 2014

Private importers in Pakistan have purchased about 55,000 tonnes of Black Sea-origin wheat as the country continues a new round of wheat imports, European traders said on Monday.

It was purchased at around $266 a tonne c&f for August/September shipment, traders said.

It was likely to be sourced from Russia or Ukraine, traders said.

Pakistani importers are currently negotiating even more wheat purchases, traders said.

This brings Pakistani wheat purchasing to about 350,000 tonnes so far this month, one trader said.

The purchases are said to involve six shiploads and also several thousand tonnes in shipping containers, traders said.

Pakistan swings between being a wheat importer and exporter depending on the size of its harvest.

A disappointing harvest this year is believed to have generated the import demand, traders said.

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Source: Daily Messenger (Pakistan)

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