Jordan Secures 50,000 Tons of Feed Barley at $256.95/MT in Competitive Tender
- Jordan’s MIT purchased 50,000 tons of feed barley from Bunge at $256.95/MT C&F for August 2024 delivery.
- Bunge’s winning bid undercut six other major grain operators by $1.81–$17.53/MT, highlighting strong competition.
- Any-origin terms and the August shipment window favor Black Sea new-crop participation but point to a neutral to slightly bearish price tone.
Market Update
Jordan’s state grain buyer, the Ministry of Industry and Trade (MIT), awarded a contract for approximately 50,000 tons of feed barley of any origin at an international tender held on 8 April 2024. Bunge secured the business at $256.95/MT C&F, with shipment scheduled for the first half of August 2024.
The tender attracted strong participation from leading international grain houses, underscoring ample global feed barley availability and competitive freight and logistics offerings into Jordan.
Tender Pricing Structure
| Operator | Price ($/MT C&F) | Premium to Winner ($/MT) |
|---|---|---|
| Bunge (Winner) | 256.95 | – |
| Cargill | 258.76 | +1.81 |
| Olam | 258.90 | +1.95 |
| Dreyfus | 267.00 | +10.05 |
| COFCO | 267.48 | +10.53 |
| CHS | 267.97 | +11.02 |
| Ameropa | 274.48 | +17.53 |
Market Analysis
The winning price of $256.95/MT C&F signals a neutral to slightly bearish tone for global feed barley, particularly for Black Sea exporters. The $17.53/MT spread between the lowest and highest bids reflects varying origin, freight, and risk assumptions among traders, yet still within a relatively tight competitive band.
Jordan’s acceptance of “any origin” barley keeps the door open for Black Sea suppliers, especially Russia and Ukraine, for new-crop shipments. The early August delivery window aligns closely with Black Sea new-crop availability, which should support export demand during the summer shipping season but also restrain upside price momentum given the evident depth of competing supply.
Source: Market Data
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