- Strategic Purchase: Jordan’s MIT secured 60,000 tons of random-origin milling wheat at a competitive $275.95/ton C&F, covering only half of the 120,000-ton tender.
- Price Benchmark: Buildcom’s winning offer set a key price reference for Mediterranean wheat imports, undercutting rival bids by $3.93–8.54/ton.
- Market Tone: Outcome is neutral to slightly bearish for Black Sea wheat, as partial coverage hints at buyer caution while confirming ongoing competitiveness of the region.
- Logistics Window: Delivery is scheduled into Aqaba port for the July 16–31, 2024 shipment window.
Jordan Wheat Tender Outcome
Jordan’s state grain buyer, MIT, has finalized the purchase of approximately 60,000 tons of random-origin milling wheat via an international tender held on April 7. The volume represents 50% of the initially targeted 120,000 tons, indicating that half of the tendered quantity remains uncovered at this stage.
The winning cargo was awarded to Buildcom at a price of $275.95 per ton C&F, with shipment scheduled to the port of Aqaba between July 16 and July 31, 2024. The wheat is specified as random-origin, allowing the supplier flexibility to source from the most competitive exporting regions ahead of execution.
Tender Price Comparison
| Operator | Price ($/ton C&F) |
|---|---|
| Buildcom | $275.95 |
| CHS | $279.88 |
| Bunge | $282.00 |
| Cargill | $282.73 |
| Ameropa | $284.49 |
Buildcom’s winning bid established the lowest price in the lineup, outbidding CHS by $3.93/ton and undercutting the highest offer from Ameropa by $8.54/ton. The spread between competing bids highlights a moderate dispersion in supplier pricing strategies for Mediterranean wheat demand.
Market Impact and Price Signals
The partial coverage of Jordan’s 120,000-ton tender is broadly neutral to slightly bearish for Black Sea wheat. While the random-origin specification leaves final origin uncertain, Black Sea exporters are expected to remain key contenders given freight and cost advantages into the Middle East and North Africa corridor.
Buildcom’s $275.95/ton C&F result now serves as a reference point for milling wheat into Aqaba and similar Mediterranean destinations. The decision by MIT to secure only half the initially planned volume suggests a degree of caution on price levels and leaves room for additional tenders or opportunistic spot buying if market conditions soften.
Source: Market Data
Leave a Reply