- Competitive Procurement: Jordan secured 60,000 tons of milling wheat at $275.95/ton C&F, covering half of its 120,000-ton tender at a relatively low price point.
- Price Benchmark: Cargill’s winning bid undercut rival offers by $4–10/ton, setting a key July shipment benchmark for Middle Eastern wheat demand.
- Black Sea Opportunity: The random-origin specification and unfilled 60,000-ton balance leave room for Black Sea suppliers, keeping pressure on regional wheat prices.
Jordan Wheat Tender Overview
Jordan’s Ministry of Industry and Trade (MIT) purchased approximately 60,000 tons of random-origin milling wheat in its latest international tender, meeting 50% of its planned 120,000-ton requirement. The deal underscores Jordan’s ongoing efforts to secure supply at competitive prices amid active global grain markets.
The wheat will be delivered to the port of Aqaba between July 16–31, 2024, positioning Jordan with adequate coverage into the new-crop period while leaving flexibility to adjust its remaining procurement strategy.
Tender Results and Price Levels
Cargill won the tender at $275.95 per ton C&F, offering the lowest price among six competing traders. The result highlights firm buying interest from Jordan while reflecting moderate competition across the supplier base.
| Operator | Price ($/ton C&F) |
|---|---|
| Cargill | 275.95 |
| CHS | 279.95 |
| Buildcom | 282.73 |
| Bunge | 284.40 |
| COFCO | 286.00 |
| Ameropa | 286.23 |
The spread of $10.28/ton between the lowest and highest bids reflects steady but not aggressive competition, with Cargill’s pricing now serving as a reference point for July C&F values into the Eastern Mediterranean.
Market Impact and Black Sea Implications
The outcome is neutral to slightly bearish for Black Sea wheat. With only half of the 120,000-ton volume booked, Jordan retains scope to re-enter the market, potentially inviting sharper pricing from Russian and Ukrainian exporters, who benefit from freight advantages into Aqaba and the wider Eastern Mediterranean.
Jordan’s decision to secure just 60,000 tons may signal a preference for staggered buying and opportunistic pricing rather than full front-loaded coverage. As a result, Black Sea origin wheat is likely to remain competitive for the unfilled balance, helping cap upside in regional C&F values for the July shipment window.
Source: Market Data
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