- Price Benchmark: Jordan secured 50,000 tonnes of feed barley at $284/tonne C&F, setting a key reference level for Mediterranean barley values.
- Partial Volume: Only half of the planned 120,000 tonnes was purchased, signaling cautious demand and potential for a follow-up tender.
- Tight Spread: Competing offers were clustered between $286.45 and $290/tonne C&F, highlighting limited seller flexibility in the current market.
- Market Sentiment: The outcome is neutral to slightly bearish for Black Sea suppliers, indicating moderate demand amid competitive pricing.
Jordan Feed Barley Tender Overview
Jordan’s state grain buyer, the Ministry of Industry and Trade (MIT), purchased approximately 50,000 tonnes of randomly sourced feed barley via an international tender held on February 11. The volume was awarded to Ameropa at $284 per tonne C&F, representing the lowest and most competitive offer among major global trading houses.
The deal covers shipment in the first half of May 2024 and fulfills only half of MIT’s initial target of 120,000 tonnes. The shortfall leaves around 70,000 tonnes unfilled, suggesting that Jordan may return to the market with an additional tender depending on price movements and domestic needs.
Tender Pricing Details
| Seller | Volume (tonnes) | Offer Price (C&F) | Notes |
|---|---|---|---|
| Ameropa | 50,000 | $284.00/tonne | Awarded |
| Bunge | n/a | $286.45/tonne | Unsuccessful bid |
| Olam | n/a | $289.15/tonne | Unsuccessful bid |
| Dreyfus | n/a | $290.00/tonne | Highest offer |
| Planned Tender Volume | 120,000 | — | Only 50,000 tonnes awarded |
| Unfilled Volume | 70,000 | — | Potential follow-up tender |
| Spread (low to high offer) | — | $6.00/tonne | Indicates tight pricing band |
Market Impact and Regional Context
The $284/tonne C&F purchase price establishes a fresh benchmark for feed barley imports into the Mediterranean basin. Black Sea origins such as Ukraine and Russia typically compete aggressively for Middle Eastern demand, and this tender result signals moderate but not aggressive buying interest from Jordan.
Jordan’s decision to cover only part of its initially announced 120,000 tonnes highlights cautious procurement strategy in the face of tight offer spreads. With competing bids capped within a narrow $6/tonne range above the winning offer, sellers showed limited willingness to discount further, suggesting current replacement costs and freight rates are providing a firm floor to export values.
For Black Sea suppliers, the outcome is neutral to slightly bearish: demand is present but not sufficiently strong to clear the full tender volume, and the achieved price may cap upside in the near term. The remaining 70,000 tonnes could generate another tender in the weeks ahead, which would offer a clearer signal of buying appetite and price elasticity among exporters.
Source: Market Data
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