Jordan Wheat Tender: COFCO Wins 60,000t at $261/ton

• Competitive pricing: Jordan secured 60,000 tons of milling wheat at $261.25/ton C&F, the lowest bid among four global traders.
• Partial volume awarded: Only half of the planned 120,000-ton tender was purchased, signaling cautious demand.
• Benchmark for April: The winning price sets a reference level for regional wheat valuations for April 2026 shipment.
• Neutral to slightly bearish tone: Jordan’s limited buying hints at comfortable stocks or expectations of softer prices ahead.

Jordan Wheat Tender Overview

Jordan’s Ministry of Industry and Trade (MIT) concluded a wheat tender on January 20, purchasing 60,000 tons of random-origin milling wheat from COFCO at $261.25 per ton C&F. Delivery is scheduled to Aqaba port between April 16-30, 2026. This award represents 50% of the initially targeted 120,000 tons, indicating selective procurement despite solid interest from major global suppliers.

Price and Bid Comparison

Market Implications

The close pricing between competing bids, with only $5.49/ton separating the highest and lowest offers, underscores a competitive global wheat market around the $261–267/ton C&F range for April shipment. Jordan’s decision to take only half the intended volume is neutral to slightly bearish for exporters, suggesting either comfortable domestic stocks or an expectation that prices may ease further.

The random-origin clause leaves options open for Black Sea and other suppliers, but COFCO’s success could point to alternative origins gaining share. Market participants will closely watch whether Jordan returns soon to cover the remaining 60,000 tons, which would influence nearby demand and regional price sentiment.

Source: Market Data