HAMBURG, Aug 28 (Reuters
) - The lowest price offer in the tender from Iraq
's state grains buyer to purchase at least 30,000 tonnes of rice was $416 a tonne c&f free out for rice to be sourced from Pakistan, traders said on Monday.
No decision about a purchase was believed to have been made in the tender which closed on Sunday, Aug. 27, with offers remaining valid up to Thursday, Aug. 31.
The offer was made for 40,000 tonnes from Pakistan, they said.
This was followed by an offer of 40,000 tonnes rice from Thailand
at $420.45 a tonne c&f free out. Other offers for Thai rice were made at prices from $422.70 to $457 a tonne c&f free out.
The lowest offer for rice from the United States
was $660 a tonne free out for 30,000 tonnes. Indian rice was offered lowest at $574 a tonne c&f free out.
Rice from Uruguay
was offered lowest at $580.50 a tonne, Brazilian rice at $584 and Argentine rice at $579 all c&f free out.
Volumes in Iraq's tenders are nominal and the country can buy more than requested in the tender.
Iraq made no purchase in its previous international tender to buy rice which closed on July 30.
The country has been struggling to import grain for its food subsidy programme after introducing new payment and quality terms that left trading houses unwilling to participate in its international tenders.
Iraq is expected to produce about 250,000 tonnes of rice this year, suggesting the country will face a shortfall of about 1 million tonnes which will need to be covered by imports. (Reporting by Michael Hogan
, editing by David Evans