What's Happening?
Jordan's state grain buyer has announced a new international tender for up to 120,000 tons of milling wheat. This decision follows an unsuccessful attempt to purchase the same amount in a previous tender. The new tender allows for wheat from various origins, with European traders confirming the announcement. The deadline for submitting price offers is set for October 14. The tender specifies shipment periods for 60,000-ton consignments between January and February 2026. Additionally, Jordan has issued a separate tender for 120,000 tons of animal feed barley, which closes this Wednesday.
Why It's Important?
The issuance of a new tender by Jordan is significant for the global grain market, as it reflects the country's ongoing demand for wheat and barley. This move could influence global wheat prices and trade dynamics, particularly affecting suppliers in Europe and other regions. The failure of the previous tender highlights potential challenges in the global supply chain or pricing issues that Jordan may face. Successful procurement in this tender could stabilize Jordan's grain supply, impacting food security and economic stability in the region.
What's Next?
The upcoming deadline for price offers on October 14 will be a critical point for traders and suppliers. If Jordan successfully secures the wheat and barley, it could lead to increased trade activity and potentially stabilize prices. However, if the tender fails again, it may prompt Jordan to reassess its procurement strategy or explore alternative sources. The outcome could also influence future tender announcements and the strategies of other grain-importing countries.
