What's Happening?
Jordan's state grain buyer has issued an international tender for up to 120,000 tons of milling wheat, with the option to choose the origin, as reported by European traders. This announcement follows Jordan's unsuccessful attempt to purchase the same quantity in a previous tender. The deadline for submitting price proposals is set for August 19, with shipping periods scheduled between October 1 and November 30. Additionally, Jordan has released a separate tender for 120,000 tons of animal feed barley, which closes on Wednesday.
Why It's Important?
The tender is significant as it highlights Jordan's ongoing efforts to secure wheat supplies amid global market fluctuations. The failure to purchase wheat in the previous tender underscores challenges in the international grain market, potentially affecting food security in Jordan. The tender's outcome could influence wheat prices and trade dynamics, impacting exporters and traders involved in the global grain supply chain.
What's Next?
The tender's deadline on August 19 will determine the next steps for Jordan's grain procurement strategy. Traders and exporters will closely monitor the tender results, which could affect future pricing and supply agreements. Jordan's ability to secure wheat through this tender may influence its approach to future grain purchases and its position in the global market.
