- Deal Secured: Thai importers purchased around 60,000 tonnes of feed wheat at $259.95/tonne C&F for June delivery.
- Australian Origin Likely: The contract was awarded to operator SVN, with traders expecting the wheat to be sourced from Australia.
- Price Benchmark: The tender result sets a competitive C&F benchmark for Asian feed wheat imports.
- Regional Competition: Neutral to slightly bearish for Black Sea wheat as Australian supplies remain price-competitive in Southeast Asia.
Thai Feed Wheat Tender Summary
A group of Thai importers has secured approximately 60,000 tonnes of feed wheat via a tender, with the winning offer coming from operator SVN. The grain was purchased at $259.95 per tonne on a C&F basis, with shipment expected to arrive in Thailand in June. While the tender allowed for feed wheat of any origin, market participants believe the cargo is most likely of Australian origin, underscoring Australia’s continued competitive presence in Asian feed grain markets.
| Item | Detail |
|---|---|
| Volume | ≈ 60,000 tonnes |
| Price | $259.95/tonne (C&F Thailand) |
| Supplier / Operator | SVN |
| Likely Origin | Australia |
| Delivery Window | June (this year) |
Market Impact
The tender result reinforces Australia’s role as a key supplier of competitively priced feed wheat into Southeast Asia. The C&F level of $259.95/tonne to Thailand will act as a reference point for upcoming feed wheat tenders in the region. For Black Sea exporters, this outcome is neutral to slightly bearish, as they must match or beat this benchmark to capture incremental Asian demand, particularly in the feed segment. With Australian supplies actively marketed in Asia during their season, Black Sea origins may face tighter margins or reduced volumes in the near term when targeting similar destinations.
Source: Market Data
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