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India buys Australian wheat, Indonesia takes Ukrainian cargo
April 7, 2017 / 8:38 AM / 5 months ago

India buys Australian wheat, Indonesia takes Ukrainian cargo

FILE PHOTO - A worker spreads wheat crop for drying at a wholesale grain market in Chandigarh, India, April 22, 2015. REUTERS/Ajay Verma/Files

SINGAPORE (Reuters) - Indian flour millers bought about 150,000 tonnes of Australian wheat this week for May shipment, while Indonesian importers took 60,000 tonnes of Ukrainian wheat, two Singapore-based trade sources said on Friday.

Australian wheat with about nine percent protein was sold to Indian millers at around $220-$221 a tonne, including cost and freight (C&F).

“Australian wheat is still cheaper for mills in southern India despite the duty being imposed again,” one trader said.

India last month imposed a 10 percent import tax on wheat with immediate effect, reinstating the tariff after a gap of nearly four months that saw large overseas purchases.

Indonesian wheat processors paid $195 a tonne, C&F, for Ukrainian wheat with 11.5 percent protein, they said.

Reporting by Naveen Thukral; Editing by Amrutha Gayathri

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